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Muni Bonds


Viking

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Given muni bonds is where FFH and subs have much of their bond portfolio I thought it would be useful to understand what has been going on since their purchase in November. Just as I thought, although yields on US Treasuries are trending upwards, yields on tax free AA muni bonds has been coming down.

 

www.munibondadvisor.com/market.htm

 

http://latimesblogs.latimes.com/money_co/2009/04/california-today-became-the-biggest-issuer-so-far-of-a-new-type-of-municipal-bond-that-has-caused-investors-to-rethink-the-mu.html

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