The Effect of ETFs on Individual Bonds

The Financial Lexicon

The recent LearnBonds article, “Should You Avoid Buying Bonds in LQD? Or Maybe LQD?” brought to readers’ attention a fascinating article by Matt Levine of Dealbreaker, which discussed the idea that bonds underlying ETFs react more dramatically to … [Read more...]

Investment Ideas From PIMCO: Buy TIPS, Municipal Bonds & High Quality Financials

bill-gross-of-pimco

Bonds would be burned to a crisp and stocks would certainly be singed; only gold and real assets would thrive within the “Ring of Fire.” - Bill Gross, “Damages” October 2012 The quote above is slightly out of context. Bill Gross is discussing … [Read more...]

State Credit Enhancement Programs – What they are and How they Work

university

A state credit enhancement program is when a state creates some mechanism to ensure that local governments or school systems pay their bonds.  Its not bond insurance.  There are at least 34 states that have these programs.  They have these programs … [Read more...]

Municipal Bond Watch: Illinois & Pennsylvania Being Dragged Down By Pension Problems

standard and poors building

Learn Bonds has just updated our State General Obligation ratings table. In the process, we took the opportunity to review the recent rating changes by two largest municipal raters, Moody’s and Standard & Poor’s. For the most part, the two … [Read more...]

10 Lessons I learned from the Book Abnormal Returns by Tadas Viskanta

Abnormal Returns Book

I just finished reading Abnormal Returns, Winning Strategies from the Frontlines of the Investment Blogosphere by Tadas Viskanta.  Tadas is best known for his twice daily list of finance links from around the web, which he publishes via … [Read more...]