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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.
the end of 2022-23, the yield curve was inverted—meaning many short-term interest rates were higher than their long-term counterparts. This type of inversion has traditionally been an indicator of a recession. STATE-SPECIFIC FACTORS The state continues to prudently address market challenges while effectively managing its debt programs to minimize
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.
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.
17 lip 2023 · An unusual inversion in the municipal-bond yield curve has resulted in attractive yields in short-dated issues. One compelling opportunity in this environment: municipal bond ladders. By. Stephen Hillebrecht, Nicholas Bragdon. Download the PDF version of this insight. The shape of the U.S. Treasury curve gets a lot of attention.
27 mar 2024 · The shape of the yield curve is creating tactical opportunities - these two strategies can help municipal bond investors capitalize ahead of the Fed's potential easing cycle.
