High Yield Municipal Bond Funds – What You Need to Know

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High yield municipal bond funds invest in municipal bonds that are rated BB+ or below for both S&P and Fitch, and below Ba1 for Moody’s. (not familiar with credit ratings? go here) Unlike the corporate bond market where the majority of issues … [Read more...]

BlackRock’s Leland Hart Talks Floating Rate Loans

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Since 2009, Leland Hart has been a co-manager of BlackRock’s Floating Rate Income Fund (BFRAX). For the last 3 years, the fund has has an annual return of 9.36% and is rated four out of five stars by Morningstar.  I recently had the pleasure of … [Read more...]

When to Consider Getting Aggressive in High Yield?

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By Russ Koesterich, CFA Here’s my take: I believe high yield bonds are close to fair value, I hold a neutral view of the asset class and I advocate that investors generally maintain a benchmark weight. That said, in the following three … [Read more...]