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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.)
Overview. 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.
30 sty 2013 · In its simplest form, the yield curve is a line that plots the interest rates at a certain set point in time of bonds having equal credit quality, but differing maturity dates.
When rates reached their peak in October 2023, munis reached a yield-to-worst of 4.46%, which was their highest level since 2009 and 1.87x the 14-year average. While current yields have fallen since October, they are still at relatively high levels.
The relative steepness of the municipal bond yield curve versus Treasuries may make longer-dated munis particularly attractive for investors. Nicholas Bragdon , Product Consultant
25 paź 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.
21 lis 2023 · California's Resilience: A Closer Look At Municipal Bonds in the Golden State. Aaron Levitt Nov 21, 2023. As one of the largest states in economic prowess and population, it stands to reason that California is one of the largest issuers of municipal debt. As such, it features prominently in many national municipal bond funds.
