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I have a few of them in my retirement fund --- nothing but down ever since DJT won the election.
Any thoughts as to why?
Could it be because Trump might try to renegotiate treasury debt, dragging down the price of treasuries, and municipals are following suit?
Who knows why any investment is "down" at any given time. I also have munis. Mine are down approximately 1% since the election. Just curious what your definition of "trashed" is? Hopefully, you shortened up on the duration of any muni bonds you have a long time ago.
Also you say you have munis in your retirement fund. Hopefully not within an IRA or any other tax deferred plan.? Only in a taxable account right?
trumps rebuilding infrastructure plan has the scent of higher inflation caused by spending . tht means higher debt and higher rates to the bond market .
longer term bonds took the wildest hits some like the 30 year plunging the equal of a 1000 point drop in the dow since brext's high
trumps rebuilding infrastructure plan has the scent of higher inflation caused by spending . tht means higher debt and higher rates to the bond market .
longer term bonds took the wildest hits some like the 30 year plunging the equal of a 1000 point drop in the dow since brext's high
His plan is to inflate some of the debt away. Might not happen tomorrow but I believe it will happen.
Who knows why any investment is "down" at any given time. I also have munis. Mine are down approximately 1% since the election. Just curious what your definition of "trashed" is? Hopefully, you shortened up on the duration of any muni bonds you have a long time ago.
Also you say you have munis in your retirement fund. Hopefully not within an IRA or any other tax deferred plan.? Only in a taxable account right?
Mine are down more than that. At least 5%.
Yes - they are in an IRA fund but I'm able to trade in the account so I'm not tied to these things forever.
In fact I was holding both PHK and PTY and took some nice profits on both of these about a month ago. After I sold those tickers I bought the muni funds, figuring safety was the word of the day until we saw what happened with the election.
I have a few of them in my retirement fund --- nothing but down ever since DJT won the election.
Any thoughts as to why?
Could it be because Trump might try to renegotiate treasury debt, dragging down the price of treasuries, and municipals are following suit?
I assume you mean that the price is down, because the yield is definitely up. That is true for all bonds - Treasuries, corporates, and munis.
I think the change in yield has more to do with what the Fed is going to do than what Trump is going to do.
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