Last summer, the Treasury Department introduced tax rules for a special financial tool known as a Qualified Longevity Annuity Contract (QLAC). QLAC refers to annuities […]
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Utility Bonds
A utility bond is a type of municipal bond that is issued to finance the construction of public utility projects, such as water systems, sewer systems, electrical plants and various public projects. […]
Auction Rate Securities – Meaning and Risks
Auction rate securities help issuers diversify their funding structure by allowing them to pay at variable, short-term rates, compared to traditional bonds that pay a fixed, long-term rate. […]
Debentures – Features, Types and Benefits
Debentures are a type of debt instrument that are not secured by specific property or collateral, but are backed by the full faith and credit […]
Reading the Signs in the Current Bond Market
By Kathy Jones, Vice President and Fixed Income Strategist for the Schwab Center for Financial Research […]
REIT Bond Covenants – A Differentiating Factor
Most investment grade bonds do not contain financial covenants, but there is one notable exception. […]