Additionally, lower-rated nonprofit hospital bonds also offer lower protections.
The broad municipal bond market provided a yield of 3.6% for the year-to-date period ending June 21. [Muni Bond Yields Help ETFs Weather Price Swings]
In the week ended on June. 20, investors added $555 million into muni bond mutual funds, or the 10th straight week of inflows after a $365 million addition in the prior week, reports Kelly Nolan for the Dow Jones Newswire. High-yield muni funds saw inflows of $155 million, a little lower than the previous $165 million. Mutual funds make up 15%, or $551 billion, of the $3.7 trillion muni debt market.
Some municipal bond ETFs include:
- iShares S&P National Municipal Bond Fund ETF (NYSEArca: MUB): 3.14% yield
- SPDR Barclays Capital Short Term Municipal Bond ETF (NYSEArca: SHM): 1.38% yield
- SPDR Barclays Capital Municipal Bond ETF (NYSEArca: TFI): 3.12% yield
- Powershares Insured National Municipal Bond Portfolio ETF (NYSEArca: PZA): 4.3% yield
- Market Vectors High Yield Municipal Index ETF (NYSEArca: HYD): 5.26% yield
For more information on muni bonds, visit our municipal bonds category.
Max Chen contributed to this article.
Story updated to correct PZA and yield.