Municipal Bond Performance

The performance of municipal bonds generally has been positive year-to-date 2014. Some analysts feared the new municipal bond issues would likely to derail this momentum but so far it has not. As the chart suggests, the decline in yields of AAA-rated municipal bonds for the week is representative of healthy demand as investors appear to become re-focused on the municipal bond market. All of the foregoing seems to be a stamp of approval on a potential about-face for performance from 2013.

Source:  Market Vectors Portfolio Manager and Senior Municipal Strategist James Colby

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The D2 Capital Management Tax Free Income Portfolio is currently yielding 4.75% (Trailing 12 month Tax Equivalent Yield at 28% Tax Bracket, of 21 March 2014).

The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.

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