Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-25-2008, 08:50 AM   #21
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Quote:
Originally Posted by socca View Post
Here is Vanguard's muni fund yield curve for 10-23-2008:
+ money market: 2.92%
+ short-term: 3.59%
+ limited-term: 3.80%
+ intermediate-term: 4.49%
+ long-term: 4.95%
+ high-yield: 5.50%
Here is an excellent article on LIBOR: LRB · Donald MacKenzie: What’s in a Number?

Vanguard's muni fund yield curve for 10-24-2008:
+ money market: 2.65% <-- continues to drop like a rock
+ short-term: 3.55%
+ limited-term: 3.79%
+ intermediate-term: 4.44%
+ long-term: 4.86%
+ high-yield: 5.44%

Still seeing reduction in the unrealized losses reported by these funds.
__________________

__________________
socca is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-08-2008, 06:37 PM   #22
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Quote:
Originally Posted by socca View Post

Vanguard's muni fund yield curve for 10-24-2008:
+ money market: 2.65% <-- continues to drop like a rock
+ short-term: 3.55%
+ limited-term: 3.79%
+ intermediate-term: 4.44%
+ long-term: 4.86%
+ high-yield: 5.44%
Vanguard's muni fund yield curve for 11-07-2008:
+ money market: 1.71% <-- continues to drop like a rock
+ short-term: 3.22%
+ limited-term: 3.62%
+ intermediate-term: 4.40%
+ long-term: 4.81%
+ high-yield: 5.48%
__________________

__________________
socca is offline   Reply With Quote
Old 11-15-2008, 10:30 AM   #23
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Quote:
Originally Posted by socca View Post
Vanguard's muni fund yield curve for 11-07-2008:
+ money market: 1.71% <-- continues to drop like a rock
+ short-term: 3.22%
+ limited-term: 3.62%
+ intermediate-term: 4.40%
+ long-term: 4.81%
+ high-yield: 5.48%
Vanguard's muni fund yield curve for 11-14-2008:
+ money market: 1.37% <-- continues to drop like a rock
+ short-term: 3.02%
+ limited-term: 3.48%
+ intermediate-term: 4.32%
+ long-term: 4.73%
+ high-yield: 5.43%
__________________
socca is offline   Reply With Quote
Old 11-15-2008, 01:21 PM   #24
Recycles dryer sheets
 
Join Date: Mar 2007
Posts: 92
I've been trying to figure the bond market for a while now. My best guess is that the poor retail sales that were reported on Friday, on top of the problems in the auto industry and the large layoffs at Sun increased the fear of defaults, even among the higher rated bonds. Thus the only bonds that have seemed like a safe haven are the treasuries, which went up. Makes sense to me.
__________________
roger r is offline   Reply With Quote
Old 11-15-2008, 06:54 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
Quote:
Originally Posted by socca View Post
Vanguard's muni fund yield curve for 11-14-2008:
+ money market: 1.37% <-- continues to drop like a rock
+ short-term: 3.02%
+ limited-term: 3.48%
+ intermediate-term: 4.32%
+ long-term: 4.73%
+ high-yield: 5.43%
dumb question time...
i see your data above and the reference to the "muni fund yield curve".
so i looked that up here What's the Yield Curve, and How Does It Affect Stocks? | Fixed-Income Forum | Financial Articles & Investments News | TheStreet.com

i don't understand why the yields (each is a data point?) you list for different types of bonds are referred to as a curve.
can somebody please explain?
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 11-22-2008, 11:13 AM   #26
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Quote:
Originally Posted by freebird5825 View Post
I don't understand why the yields (each is a data point?) you list for different types of bonds are referred to as a curve.
The maturity vs. yield data is often display as - and referred to - as a curve. Somewhere on the web there was (and maybe still is) an applet that shows how the Treasury yield curve has fluctuated over the last 40 years or so. It's a dynamic beast. Since I'm fond of VG muni funds, I track that particular yield curve.

Vanguard's muni fund yield curve for 11-21-2008:
+ money market: 1.25% <-- continues to drop like a rock
+ short-term: 2.72%
+ limited-term: 3.23%
+ intermediate-term: 4.19%
+ long-term: 4.62%
+ high-yield: 5.40%
__________________
socca is offline   Reply With Quote
Old 11-22-2008, 11:26 AM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,105
Quote:
Originally Posted by roger r View Post
I've been trying to figure the bond market for a while now. My best guess is that the poor retail sales that were reported on Friday, on top of the problems in the auto industry and the large layoffs at Sun increased the fear of defaults, even among the higher rated bonds. Thus the only bonds that have seemed like a safe haven are the treasuries, which went up. Makes sense to me.
That sounds good to me. The only thing I would add is that Treasuries and the US$ are now a flight to safety play.
Expect them both to fall after the liquidity crisis is over.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
dex is offline   Reply With Quote
Old 11-22-2008, 06:59 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,201
Quote:
Somewhere on the web there was (and maybe still is) an applet that shows how the Treasury yield curve has fluctuated over the last 40 years or so.
The Living Yield Curve at SmartMoney.com
__________________
Al
TromboneAl is offline   Reply With Quote
Old 12-20-2008, 10:58 AM   #29
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Vanguard's muni fund yield curve for 12-19-2008:
+ money market: 1.03%
+ short-term: 2.41%
+ limited-term: 3.03%
+ intermediate-term: 4.13%
+ long-term: 4.74%
+ high-yield: 5.57%

Including the high-yield fund as part of this yield curve is mixing apples and oranges as far as muni bond quality goes, but I include it nevertheless just for fun.
__________________
socca is offline   Reply With Quote
Old 01-10-2009, 08:41 PM   #30
Full time employment: Posting here.
 
Join Date: Nov 2005
Posts: 832
Vanguard's muni fund yield curve for 1-9-2009:
+ money market: 0.94%
+ short-term: 2.30%
+ limited-term: 2.85%
+ intermediate-term: 3.86%
+ long-term: 4.37%
+ high-yield: 5.28%

We seem to be in the middle (or start, or end) of a little rally in munis. Vanguard's quoted NAVs are strengthening for all muni bond fund durations and ratings. Folks may have decided that the additional return provided by munis relative to Treasuries are worth the additional risk. The talking heads in the media are starting to sing the praises of munis (most recently, Bill Gross at PIMCO), so maybe that's a sell signal. I'm holding onto mine, thanks.
__________________

__________________
socca is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
fed fund rate cut - how long before cds bobbee25 FIRE and Money 17 10-08-2008 02:32 PM
Fed funds rate vs Mortgage rates jIMOh FIRE and Money 1 01-18-2008 01:54 PM
Crude up 4.15 today over 94 fed lowers 1/4 pt, Sorry but trouble looms. newguy88 FIRE and Money 53 11-01-2007 07:33 PM
Will the Fed reduce rate? Mach1 FIRE and Money 13 09-01-2006 10:04 AM
Pen Fed rate special! brewer12345 FIRE and Money 12 12-30-2005 09:07 AM

 

 
All times are GMT -6. The time now is 01:06 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.