What We Buy Currently

    • BBB to A-/A3 Rated bonds or better.
    • 8-14 years-to-maturity bonds.
    • 3 ½% to 4 ½% current yield.
    • Mostly discounted bonds to Face Value.
    • GO Bonds: States, Districts, Counties.
    • Revenue bonds of Essential Services: Water, Power, and Sewer.
    • Senior Debt.
    • Property Tax Bonds: Loan to Value coverage of 10 times or better rolled back to 2002.
    • Redevelopment Agency Bonds: Debt-to-service coverage at 115% or better rolled back to 2002.

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