Agency Mortgage Backed Securities (MBS) – US Govt Bonds That Yield Double or Triple Treasuries

agency mortgage backed securities

Agency mortgage backed securities are bundles of mortgages which are packaged together as one instrument and sold like a bond.  The payments from all the individual mortgages are then distributed to the holder of the agency mortgage backed … [Read more...]

High Yield Municipal Bond Funds – What You Need to Know

high yield

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...]