Higher Bond Yields Pose Challenge for Stock Market and Municipal Bonds
Higher bond yields are proving to be a stumbling block for the stock market and are also impacting municipal bonds, with Texas being highlighted as a key example. This trend suggests potential challenges for investors in both sectors.
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Texas Is Tip Of A Melting Muni Iceberg: Winkler
Bloomberg's Matt Winkler joins Scarlet Fu on "Bloomberg Real Yield." Borrowing costs for the state of Texas are higher than they are for California. The yield that investors demand on Texas bonds are, on average, point-3 percentage points higher than the Golden State. That adds up to as much as 3 million dollars annually for every 1 billion borrowed in Texas. (Source: Bloomberg)
Read full article →How higher bond yields can prove a stumbling block for the stock market
Bond yields were higher Thursday, erasing Wednesday's rally resulting from a Treasury Department change in its buyback policy.
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