Municipal Bond

December 6-10, 2010 Municipal bond Mutual Fund Drop

municipal bonds

This week’s (December 6-10, 2010) saw another week of falling prices in Municipal bond Mutual Funds. This time the blame was on the new Obama tax proposal to extend lower income tax rates, better economic news, and Treasury Yields rising.

Fidelity intermediate term municipal bond fund (FCSTX) -0.37% for the week.
Month to date: -0.46%. November -0.14%. Current Yield 1.47%.

Vanguard California intermediate term municipal bond fund (VCAIX) -1% for the week.
Month to date: -1.09%. November -2.3%. Current Yield 3.17%.

See how the Fidelity intermediate term municipal bond fund (FCSTX) and Vanguard California intermediate term municipal bond fund (VCAIX) performed this week on this graph:

See how the Fidelity intermediate term municipal bond fund (FCSTX) and Vanguard California intermediate term municipal bond fund (VCAIX) performed this month on this graph:

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