Highlighted Offerings

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

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Tax-Exempt Municipal Bond

3.10%

6/15/2021
Par Call Date

NJ State Trans Trust
Series B

  • 5.25% Coupon
  • 4.49% Yield to Maturity 2036
  • $109.957 Priced to Par Call 2021
Learn More contact an income advisor
New Jersey State Transportation Trust Fund System Series B                                                                                    5.25% due 6/15/2036 Callable 6/15/2021 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 seasoned NJ transportation Trust Fund bonds have been paying their 5.25% coupon since 2012, are A3/A- rated and have a 5-year call that will help to protect principal in a rising rate environment. The bonds are priced at $109.957 to yield 3.10% to the 5 year par call in 2021 and 4.49% to maturity, New Jersey residents will enjoy a taxable equivalent yield of 5.08% to the 5 -year call and 7.36% 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

3.50%

6/15/2030
Maturity date

VT State Stud. Asst. Corp.
Educ. Loan Rev. Bond Ser 2016A

  • 3.50% Coupon - Subject to AMT
  • $100.00 Priced to Maturity Date
Learn More contact an income advisor
Vermont State Student Assistance Corp.  Student Loan Revenue Bonds Series 2016A                                                           3.50% due 6/15/2030    SUBJECT TO AMT    A-Rated Fitch
The traders at HJ Sims recognize that not all holders of municipal bonds are large investors. That's why we like AMT bonds for small investors who may not be subject to the additional taxation. (We are not tax advisors, before making any tax sensitive investment decisions, you should seek advice from a qualified professional tax advisor.) These A-rated student loan revenue bonds are priced at par to yield 3.50% to both the 10 year call and to maturity in 2030.  That's 164 basis points in excess of the US Treasury 10 year bond, (comparisons to UST bonds are as of 5/26/16, yields are subject to fluctuation), and it is 5.68% on a taxable equivalent basis using the 35% income tax rate.  Vermont residents will do even better on a taxable equivalent basis.
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

2.80%

9/01/2025
Par Call Date

KY State Muni Power
Prairie State Project Ser 2015A

  • 5.00% Coupon
  • 3.908% Yield to Maturity 9/1/2042
  • $117.814 Priced to Par Call Date 2025
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.
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