July 06, 2009 at 7:50 am 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:
- Why You Can’t Count Out California Muni Bond ETFs
- Why Muni Bond and ETF Demand Should Remain Strong for Now
- How to Use Bond ETFs
- The Benefits of Muni Bond ETFs
Tags: Bond ETFs, ETF Trends, Municipal Bonds
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