Highlighted Offerings

Our bond experts have compiled this exclusive sampling of our current income-generating issues.

view our selected inventory

Tax-Exempt Municipal Bond

3.45%

06/15/2025
Par Call Date

NJ State Trans Trust Fund
Series 2015AA

  • 5.00% Coupon
  • 4.29% Yield to Maturity 6/15/2046
  • $111.862 Priced to 2025 Par Call
Learn More contact an income advisor
New Jersey State Transportation Trust Fund System Series 2015AA                                                                                    5.00% due 6/15/2046 Callable 6/15/2025 at PAR    A3/A- Rated 

While some bond advisors like to sell their clients bonds priced at par, the traders at HJ Sims seek out high quality, high current income bonds with protective calls.
These NJ Transportation Trust Fund bonds  pay a 5.00% coupon, are A3/A- rated and have a 9-year call that will help to protect principal in a rising rate environment and lock in the full 5.00% coupon for that time period. The bonds are priced at $111.862 to yield 3.45% to the 9-year par call in 2025 and 4.29% to maturity, New Jersey residents will enjoy a taxable equivalent yield of 5.60% to the 9 -year call and 7.04% to maturity using a combined tax rate of 39.1%.  High current yield, high taxable equivalent income, and some downside protection. Our expertise working for you.
The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor.  All investments involve risk including the fluctuation of principal. Investors should carefully consider their own circumstances before making any investment decision.  Offerings are subject to change in price and availability.  Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one's state of residence and local tax-exemption typically applies if securities are issued within one's city of residence. The after tax yield is based on a 35% Federal Income Tax rate.

 

Tax-Exempt Municipal Bond

3.00%

4/1/2041
Maturity Date

Massachusetts State GO

  • 3.00% Coupon
  • $100.00 Priced to Maturity
Learn More contact an income advisor
Mass. State General Obligation 3.00% coupon due 4/1/2041   Rated Aa1/AA+
These high grade rated General Obligation bonds represent the State of Massachusetts' highest moral and financial obligation. The State pledges its tax revenues to pay principal and interest on these bonds. In fact, the State covenants that if necessary it will raise taxes to pay these bonds. The General Obligation pledge earns the bonds high grade ratings form both Moody's and S&P, (Aa1/AA+).  The traders here at HJ Sims like these bonds for the taxable equivalent yield that they provide. Priced at par to yield 3%, and using the 35% Federal bracket and the 5% Mass tax bracket the taxable equivalent yield is 4.615 for non-Mass. Residents and 5.00% for residents of the Commonwealth.

The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor.  All investments involve risk including the fluctuation of principal. Investors should carefully consider their own circumstances before making any investment decision.  Offerings are subject to change in price and availability.  Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one's state of residence and local tax-exemption typically applies if securities are issued within one's city of residence. The after tax yield is based on a 35% Federal Income Tax rate.

Tax-Exempt Municipal Bond

2.85%

4/01/2025
Par Call Date

Miami Dade FL Educ, Facs.
University of Miami Rev. Bonds

  • 4.00% Coupon
  • 3.507 Yield to Maturity 4/1/2045
  • $108.889 Priced to Par Cal 2025
Learn More contact an income advisor
Miami-Dade Cty. FL Educational Facilities Auth. For The University of Miami 4.00% due 4/1/2045                              Rated A3/A-   callable 4/1/2025 at $100
The traders and analysts at HJ Sims & Co. are recognized experts in education bonds.  We traffic daily in bonds for charter schools and universities.  The University of Miami is a private research university with  15,000 students.  Experienced traders and investors look for bonds with features that limit risk and provide dependable income.  We look for bonds with protective call features. These 4.00% bonds price to a protective nine year call and provide an impressive yield to maturity.  Bonds with these features are a smart way to control risk and insure adequate income. The bonds are priced at $108.889 to yield 2.85% to the 2025 call and 3.507% to maturity.  Investors in the 35% tax brackets will enjoy a taxable equivalent yield of 4.38% to the call and 5.40% to maturity.   These are very favorable rates when considering the spread to the 10 year US Treasury at around 1.67% (plus 271 basis points) and the 30-year at approximately 2.47%. ( plus 104 basis points) Treasury yields are as of approx. 11:00 AM June 9, 2016. Our expertise pays off in value for our clients.
The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor.  All investments involve risk including the fluctuation of principal. Investors should carefully consider their own circumstances before making any investment decision.  Offerings are subject to change in price and availability.  Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one's state of residence and local tax-exemption typically applies if securities are issued within one's city of residence. The after tax yield is based on a 35% Federal Income Tax rate
Owned and offered in the secondary market. Subject to change in price and availability. Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one’s state of residence and local tax-exemption typically applies if securities are issued within one’s city of residence.

The material presented here is for information purposes only and is not to be considered an offer to buy or sell any security. Commentary is prepared from sources believed to be reliable but it is not guaranteed as to accuracy and it is not a complete summary or statement of all available data. Information and opinions are current up to the date of publication and are subject to change without notice. The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor. All investments involve risk and may result in a loss of principal. Investors should carefully consider their own circumstances before making any investment decision.
Talk to an HJ Sims Income Advisor Today

Do you receive our

Private Client Newsletter?