2 Question Tuesday – 10/15/2024 – Does Focused Wealth Management Hold Florida Muni Bonds? How Does A Bond With A 2% Coupon Give Me A 4% Yield?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Does Focused Wealth Management hold Florida Muni Bonds?
- How does a bond with a 2% coupon give me a 4% yield?
Phil, Mike, and Larry discuss how much Florida municipal debt Focused Wealth Management holds in client portfolios after an analysis from Bloomberg Intelligence said $30 billion of municipal debt is at risk, in the wake of Hurricane Milton. They then talk about how U.S. Treasurys work and how can bonds with a 2% coupon pay a yield of 4% now.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.