Through October 3rd, the S&P Municipal Bond Index has returned 4.23% year-to-date and the S&P 500 Bond Index has returned 8.97%. The 7 – 10 year maturity range has outpaced the overall benchmarks in both cases.
The average yield of bonds in the S&P 500 7-10 Year Investment Grade Corporate Bond Index has fallen by 94bps since year end as the yield thirsty market place has hunted yield oriented products. As a result, the index has seen a year-to-date total return of 9.15%.
ccraprogram.wordpress.com 