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Is Fidelity California Spartan Municipal Income Fund a good place to stash cash in a taxable account? ( we do live in CA, thus avoiding the relatively high state income tax is helpful).

My concern is that if bond prices keep dropping, the erosion of capital might offset the income. But I know it is unwise to park a lot of cash in a taxable MM fund, which is what we have been doing. So...FCTFX vs. money market...which is better?

If you have any insight into this, please advise.
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