Posts tagged: Long-term tobacco bonds

New Jersey Tobacco Settlement Bonds Are Smoking: Chart of Day

Tweet Now may be the time to sell your tobacco bonds. The CHART OF THE DAY shows how one issue, the Tobacco Settlement Financing Corporation of New Jersey’s 5 percent bond due in 2041, has outperformed the Bond Buyer 40, a price index of long-term benchmark municipal debt, since the end of the first quarter of 2009. The New Jersey security gained 83 percent by the end of the third quarter, while the index rose 32 percent. Long-term tobacco bond ... Jump to full article >>