Shorter Municipal Bonds Hang In There While Long Municipal Bonds Suffer

Fund outflows in the municipal bond asset class, in part driven by the Detroit bankruptcy, pushed municipal bond performance down in July according to the S&P National AMT-Free Municipal Bond Index.

 

Other Sectors and Asset classes:

July 2013

 YTD
S&P Municipal Bond California Index

-0.95%

-3.64%
S&P Municipal Bond Illinois Index

-1.23%

-3.70%
S&P Municipal Bond Michigan Index

-1.28%

-3.87%
S&P Municipal Bond New York Index

-0.81%

-3.45%
S&P Municipal Bond Puerto Rico

-4.18%

-6.61%
S&P Municipal Bond High Yield

-2.12%

-3.58%
Investment Grade Corporate Bonds
S&P U.S. Issued Inv Grade Corp Bond Index

+0.68%

-2.47%
High Yield Corporate Bonds
S&P U.S. Issued High Yield Corp Bond Index

+1.70%

+2.88%

 

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