Search results
while many investors are aware of the “yield curve inversion” in the U.S. Treasury market, investors can gain significant incremental yield by focusing on intermediate and longer-term maturities in California municipal bonds due to the steeper municipal yield curve. (See Figure 2.)
California municipal bonds delivered value to investors by providing both tax-free income1 where applicable and strong relative performance compared to the broader municipal market over the ten year period ending March 31, 2023.
25 paź 2024 · California Municipal Bonds - October 25, 2024. California Yield Curve. This content requires the Adobe Flash Player. Get Flash. Real-time data on all CUSIPs, the latest muni bond news, the ins and outs of bond investing and track your municipal bond portfolio at the Premier site for Municpal bond investors.
Municipal bond indices proved resilient throughout the volatility, with favorable technicals and strong fundamentals driving performance. As a new year begins, municipal bond indices may continue to be positioned to provide opportunities for 2024, both on a broad basis as well as across the curve.
since January 2022, and by the end of July 2022, the yield curve had become inverted with the 2-year Treasury yield - ing higher than the 10-year Treasury. As rates continued to further rise, the inversion persisted between these two key interest rate indices. FIGURE 1 30-YEAR CALIFORNIA MMD CREDIT SPREADS TO “AAA” MMD 0 10 20 30 40 50 70 60
bond yield curve, as shown in Figure 1. This relative steepness may not seem newsworthy, as the municipal yield curve has consistently remained upward-sloping while its Treasury counterpart has inverted at times. As of mid-June, the two- to 30-year slope of the AAA Muni curve was 132 basis points (bps), compared to a flat slope for Treasuries.
4 gru 2023 · A major catalyst that we are looking at for inflows to pick up more significantly is the flattening of the US Treasury yield curve inversion and a return to its more typical upward-sloping shape. A sustained increase in demand should support muni-bond performance over the coming months.
