Tax Free Municipal Bonds

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  • Taxable Closed-End Funds

Tax Free Bonds

Updated: August 24, 2011

Issuer Ratings Moody’s/S&P Coupon Mat. Date Price Yld %
Puerto Rico Convention Center Baa1/BBB+ 5% 07/01/2024 $97.525 5.05%
Puerto Rico Comonwealth Hwy BAA1/BBB 5% 07/01/2029 $98.00 5.172%
Puerto Rico Electric Power A3/BBB+ 5% 07/01/2032 $98.00 5.157%
NYS DORM A2/BBB+ 5.2% 07/01/2032 $99.238 5.26%
Detroit MI Downtown Dev Auth BAA/A- 4.75% 07/01/2025 $85.00 6.4%

Corporate Bonds

Updated: August 24, 2011

Issuer Ratings Moody’s/S&P Coupon Mat. Date Price Yld %
Genworth Finl BAA3/BBB 5.75% 6/15/2014 97.574 6.712%
Bank Of America A3/A- 5.25% 12/01/2015 95.50 6.474%
Goldman Sachs A2/A- 6.75% 10/01/2037 91.20 7.5%
Nokia BAA2/BBB 6.625% 5/15/2039 91.70 7.325%

Tax Free Closed-End Funds

Updated: August 24, 2011

Name NAV Price Leverage Premium/
Discount
Distribution Rate
BlackRock MuniYield MI QTY II (MYM) $13.88 $12.79 36.55% -7.85% 6.71%
BlackRock MuniYield PA Quality (MPA) $15.32 $14.35 36.41% -6.33% 6.40%
BlackRock MuniHoldings NJ (MYJ) $15.19 $13.83 33.94% -8.95% 6.29%
Putnam Municipal Opportunities (PMO) $12.04 $11.45 30.00% -4.9% 6.95%
BlackRock MuniYield NY Quality (MYN) $13.69 $12.93 37.73% -5.55% 6.59%

Taxable Closed-End Funds

Updated: August 24, 2011

Name NAV Price Leverage Premium/
Discount
Distribution Rate
Western Asset Global Corp Def Opp (GDO) $19.146 $18.07 19.58% -5.59% 8.47%
Transamerica Income Shares (TAI) $22.06 $21.06 6.29% -4.54% 7.41%
Guggenheim Build America (GBAB) $21.49 $19.78 24% -7.96% 7.10%
Duff Phelps Utility & Corp Bond (DUC) $11.99 $11.41 36.71% -4.84% 7.36%
JH Income Securities (JHS) $14.76 $15.10 31.85% +2.30% 7.28%

Latest Articles

Defend Your Assets Against the Economy With Municipal Bonds

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October 3, 2011

When considering how to invest your hard-earned cash, do not let fear about the economy frighten you into putting your money in a stagnant, minimal interest account. Tax Free Municipal Bonds are an excellent choice for wise investors who are seeking good returns and tax-free income. Continue reading

How To Get The Best Returns With The Tax Free Municipal Bonds?

smart-investment

September 26, 2011

The most attractive part with municipal bonds is that the investor is not only exempt from paying any taxes but the return is also guaranteed by the issuing agency. Because the bonds are issued by the government agency, most of the time, the investors get the guarantee that they will receive their principal amount and the promised return.
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What Are The Various Types Of Tax Free Municipal Bonds?

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September 19, 2011

There are two main types of local authority securities, namely: general obligation bonds and revenue bonds. The former is issued on the basis of the issuer’s credit ratings, as well as the issuer’s ability to meet the state tax requirements while the latter is issued by specialized entities in local government agencies on the basis of its ability to generate good cash flow from the completed project.
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How To Get A High Investment Yield From Your Stagnant Savings Accounts

high-yield-investment

September 12, 2011

Corporate and tax free municipal bonds are phenomenal alternatives to passive investing in savings accounts and provide consumers with the assurance that they need to invest in peace. This article explores a few options for seeking high-yield returns from bonds. Continue reading

Why You Should Invest In Tax Free Municipal Bonds

municipal-bond

September 6, 2011

Unlike mutual funds and stocks, municipal bonds bear very little risk. From the time you invest, you know exactly how much you are going to earn when the bond finally matures. This is because state issued bonds are pegged to projected future revenue streams like taxes making them an almost sure bet. Continue reading

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