|Bid||110.95 x 100|
|Ask||110.97 x 1700|
|Day's Range||110.80 - 110.97|
|52 Week Range||106.30 - 113.74|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.25%|
Morgan Stanley municipal bond strategists concede that elements of the muni market are looking a bit better. With Illinois passing a budget there is less headline risk and with rates spiking in the last ...
Brinksmanship abounds in state finance this week. It has been hard to miss photos of New Jersey Governor Chris Christie catching some rays last weekend on a closed state beach. Now, much of the country likely knows that New Jersey has shutdown parts of its state government due to failure to reach a budget. By Monday, the partial shutdown was continuing for a third day.
High-yield municipal bond income seems like a dream come true in today’s market. The ability to capture a 4%-plus income stream with little taxable impact in a strongly trending credit environment is the ideal situation for many retirees. Illinois recently received a downgrade in its credit rating status to one notch above “junk” level and Puerto Rico is still embattled over its gigantic debt restructuring deal as well.