Question
Identify one bond from the U.S Municpial Bond Market that you believe will outperform an index of bond performance of the market before Summer finishes.
Identify one bond from the U.S Municpial Bond Market that you believe will outperform an index of bond performance of the market before Summer finishes.
For the bond selected please provide the following:
- Detailed information regarding the bond, including its coupon rate, yield, maturity date, price, other notable characteristics and formal identifiers such as its CUSIP.
-The relevant index to benchmark its performance.
-A breakdown of its yield into two components: its risk-free component and its credit spread.
-High-conviction analysis as to why you believe the bond will outperform the index before Summer ends
-A forecast regarding the change in the bond's yield before Summer ends, with detailed justification for the view.
-How the analysis and view may be wrong
-Challenges faced forming the view
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