In New York, municipal bonds were offered tax-exempt and the bond yield would be 5.5 percent. In the other U.S. states such as California, Illinois and Massachusetts, bonds have yields ranging from 5 percent to 6 percent. Despite volatility of the market, it was advised to buy individual...
Van Eck oversees several muni bond ETFs, including Market Vectors High Yield Municipal Index ETF (NYSEArca: HYD). The fund has a 30-day SEC yield of 5.22%. [Muni Bond ETFs ss Alternative to Treasuries] HYD generated a total year-to-date return of 9.9% as of June 13, according to in...
Presents a guide for buying municipal (muni) bonds. Who should buy them; Buying individual bonds or bond mutual funds; How the yields of mutual funds stack up; If you should buy a fund that owns only the bonds from your own state; Buying insured bonds; Five top tax savers among 465 mu...
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Fund Information Style:Municipal Bond Total Net Assets:$1.075 Billion Dividends:Accrued daily, paid monthly, if any. Cap. Gains:Paid annually, if any. Calendar Year Performance Fund Statisticsas of 11/30/2024 AMT (%) 16.0 Average Effective Maturity (years) ...
Bond yields rise when the price of the security falls. Municipal bond yields rose sharply at year's end, pushed by a massive wave of selling. Municipal bond funds saw nearly $35 billion in outflows, over fears cash-strapped states and municipalities could be at risk of default. ...
Investors seeking higher yields are pouring the most money into U.S. municipal-bond mutual funds in a year, signaling growing demand for the estimated $75 billion that states and cities may borrow by year-end. Yields on tax-exempt bonds maturing in 10 years have surpassed rates on similarly...
Muni Bond Market– I want to add a little color on Municipal Bonds by showing what’s currently happening in that market… Municipal Bond Yields Rise as Week’s Sales Reach 4-Month High By Jeremy R. Cooke Oct. 30 (Bloomberg)— State and local governments led by California sold $11.8 bil...
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CNBC assesses the risks and opportunities facing investors in the municipal bond market, as cities and states look for ways to fund their economies, create jobs and provide essential services to their citizens.