Amanda Beck, a professor of accounting at Georgia State University in Atlanta, said: “But they got a lot of federal bailouts, which made up for the drop in income. In addition, the asset value didn’t go down, so tax revenues didn’t go down as expected.”
Inflation FAQ
What is inflation? Inflation is the loss of purchasing power over time. So tomorrow the dollar won’t fall as much as it does today. This is usually expressed as an annual change in the prices of daily necessities and services such as food, furniture, apparel, transportation and toys.
Higher yields mean that municipal bond funds and ETFs are offering better income than they have for quite some time.
Jim Murphy, Head of Local Bond Team and Portfolio Manager at T. Rowe Price, said: “I haven’t seen much value in the market for a long time, but I think the current market is healthy at a higher rate.”
As of the end of June, T.Low-price oldest municipal bond fund Tax Exemption Income FundWas paying a yield of 2.4% to 3% at the end of December. A fund managed by Mr. Murphy, Providing high-yielding local governments Investing “a significant portion of the assets” in junk bonds paid 3.4 percent.
Vanguard called the surge in local governments this spring a “duty-free renaissance.”
Vanguard’s head of local investment, Paul Malloy, said rising yields should benefit patient long-term investors.
“One of the most common things in the local market is the crowd effect, and people chasing profits up and down, saying,” Oh no, I’d better go out. ” increase. The timing of such markets is what we always warn local investors. “
