This week saw more of news about the major financial market choppiness. This may be a good time to adjust your asset allocation. The Week’s municipal bond news included:
- Vanguard – Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares. Vanguard recently released their semi-annual report. Some interesting tidbits include being prepared for heavy redemption by dedicating a portion of fund assets to very liquid holdings.
- Higher rated bonds outperformed lower rated bonds.
- The city of Stockton is a possible bankruptcy candidate.
- Part of the decision of buying a bond is how easy it will be to trade.