The California Municipal Bonds along with the Bond Funds Funds is been hit with a great jinx. This happened due to some government decisions that were taken in a short span of time. This includes the government's decision to raise the rate of interest for a longer period of time, the government's announcement of the election and last but not the least is a sudden downfall in the credit rating of the state. These are one of those difficult moments that comes from time to time only to shake California Municipal Bonds and its buyer as well its sellers. According to some California Municipal Bond Experts this is one of those reasons because of why the market does continue to remain popular.
The price of all kinds of Bonds have been falling form the middle of the year as the bond traders had anticipated the prices to go upwards rather than coming down. But the greatest suffer have been the California Municipal Bonds which have lost its boom more than all. This has happened because of the circus in Sacramento.
Most of the funds that normally invest in the California Municipal funds for long terms have gone down by nearly 2.4 percent in the past few months on an average according to a leading California Municipal Bond Expert. Whereas the Municipal Bonds in the state of New York have fallen by nearly 2.1 percent. One thing can be said about the California Municipal Bond market is that once the gold mine of the municipal bond market has now declined and lost their glory after the start of the unraveling of the finances in California.
It has become difficult to handle any individual municipal bonds because one has to follow a great variety of issues single handedly. The price of the California Municipal obligation bonds, relative to municipality bonds that are issued by the issued by other states, has also been going down for an year or so.
Some of the California Municipal Bonds available in the market are:
Nuveen California Quality Income Municipal Fund or NUC
Nuveen California Select Quality Municipal Fund or NVC
Nuveen California Select Tax-Free Income Portfolio or NXC
Nuveen Insured California Dividend Advantage Municipal Fund or NKL
Nuveen Insured California Premium Income Municipal Fund or NPC
Nuveen Insured California Premium Income Municipal Fund 2 or NCL
Nuveen Insured California Tax-Free Advantage Municipal Fund or NKX
Nuveen North Carolina Dividend Advantage Municipal Fund or NRB
Nuveen North Carolina Dividend Advantage Municipal Fund 2 or NNO
Nuveen North Carolina Dividend Advantage Municipal Fund 3 or NII
Nuveen North Carolina Premium Income Municipal Fund or NNC
PIMCO California Municipal Income Fund III or PZC
Van Kampen California Value Municipal Income Trust or VCV