Sector Highlight: Municipal Bond ETFs
July 6th at 7:50am by Tom Lydon
A California municipal bond exchange traded fund (ETF), iShares S&P California Municipal Bond (CMF), is trading higher this morning. An ongoing budget crisis in the state has made munis attractive to investors willing to take on some risk. California’s bonds are rated the worst in the country, at A-. CNN Money notes that this is a rating most corporations would love to have. Here are more stories on the subject that may interest you:
