Municipal Bond News

September 2012 Municipal Bond and Tax Free Mutual Funds News

municipal bonds

This month saw more of news about financial market volatility. Tax day has come and past. The Month’s municipal bond news included:

  • 9/1/12: Poway Unified School District issued bonds with a high 7.45% interest rate. Oops! They are trying to fix it.
  • 9/17/12: Investors are seeking safety in Municipal Bonds issued by schools. The recent bankruptcy filings in several California towns is causing this affect. School districts unlike Municpalities undergo more oversight. None have defaulted on their bonds.

 

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