Quote:
Originally Posted by ndfmnlf
You annualize them to put them into the language of "annual returns", which is how people report and understand such results. Not that they will actually return that much at that end of the year, but the presumption is that if they continued to perform at the same pace as now, they may well end the year that way. I don't really expect that, but the point remains that munis have outperformed treasuries YTD.
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Annualizing is for yields, not prices.
Explanation? It's random. YTD is a joke at three weeks in. Are you trading or investing?
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