Municipal Bond

December 27-31, 2010 Municipal Bond Mutual Funds – Quiet Week

municipal bonds

This week’s (December 27-31, 2010) saw another quiet week of slightly falling prices in Municipal bond Mutual Funds. This week municipal bond related news included:

Hopefully this downdraft is now over, as municipal bond mutual funds started to rise on Thursday and continued into Friday. Note that yields are starting to rise on these funds.

Morningstar had a good article today on rising interest rates and bond mutual funds.

Fidelity intermediate term municipal bond fund (FCSTX) –0.00% for the week.
Month to date: -0.84%. November -0.14%. Current Yield 1.64%.

Vanguard California intermediate term municipal bond fund (VCAIX) -0.09% for the week.
Month to date: -1.83% November -2.3%. Current Yield 3.35%.

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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