On Wednesday, the Fed announced that it will maintain its accommodative measures in response to a weaker growth outlook due to the fiscal brinkmanship in Washington, Reuters reports.
“Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months,” the Fed’s policy-setting Federal Open Market Committee said. “Fiscal policy is restraining economic growth.”
Now, the markets are not expecting tapering in the bond purchasing program or a hike in rate expectations until mid-2015 at the earliest.
Some other muni bond ETFs include:
- SPDR Nuveen Barclays Municipal Bond ETF (NYSEArca: TFI): 2.61% 30-day SEC yield
- Market Vectors Intermediate Municipal Index ETF (NYSEArca: ITM): 2.55% 30-day SEC yield
- PowerShares Insured National Municipal Bond Portfolio (NYSEArca: PZA): 4.21% 30-day SEC yield
- PIMCO Intermediate Municipal Bond ETF (NYSEArca: MUNI): 1.77% 30-day SEC yield
For more information on munis, visit our municipal bonds category.
Max Chen contributed to this article.