Indexology®: Municipal Bonds: Hooked on Tobacco
June 14, 2014 at 07:30 AM EDT
The S&P Municipal Bond Tobacco Index has returned 12.79% year to date as the tobacco settlement bond market has recovered from a dismal 2013 return of -8.77%. Yields of these bonds have fallen 99bps during the year to an average of 5.92%. These long duration higher yielding bonds represent just...