Top 10 Florida Municipal Bonds for Sale
List of Municipal Bonds for Sale
This selection of top florida municipal bonds for sale today uses Artificial Intelligence to address various aspects such as issuer reputation, investment potential, and the significance of the issuing entities. These bonds are distinguished by their top-tier BondView ratings and credit assessments, which can indicate low default potential and robust fiscal health. The report aims to guide investors in making more informed decisions. This month, only 3 municipal bonds met the top criteria.
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Why Invest in Florida Municipal Bonds
Summary Statistics
Yield to Worst | Coupon | BV Credit Score | Time to Maturity | Asking Price | |
---|---|---|---|---|---|
Mean | 0.02914 | 0.05 | 8.5 | 0.459137577 | 100.98 |
Min | 0.0272 | 0.05 | 8 | 0.038329911 | 100.08 |
Max | 0.032 | 0.05 | 10 | 0.8706365503 | 101.96 |
Average Yield to Worst: 2.91%, suggesting a decent return relative to the high-grade credit rating of these Florida municipal bonds.
Coupon Rate: All bonds offer a coupon of 5%, indicating consistent and certain coupon payments (predictable income).
Credit Quality: With an average BV Credit Score of 8.5 and a range from 8 to 10, these bonds are high-quality investments.
Time to Maturity: Florida muni bonds in this list have an average maturity of about 5.5 months, ranging from just two weeks to nearly 10 months.
Asking Price: Average at $100.98, with most bonds slightly at a premium.
Overall, these municipal bonds for sale offer a balance of income and safety, making them suitable for investors looking to expand their municipal bond portfolios with low-risk, income-generating assets.
Yield Spread Analysis of Florida Municipal Bonds
When investing in Florida municipal bonds for sale, analyzing the yield spread is crucial. Below is a breakdown of some key bonds and their yield spreads:
CUSIP | Yield to Worst | BV Credit Score | Yield_to_Credit_Ratio |
---|---|---|---|
51856ABL8 | 0,032 | 8 | 0,0006 |
52349AAH1 | 0,0308 | 10 | 0,00036 |
696583EJ8 | 0,0305 | 10 | 0,00033 |
673530AZ4 | 0,0301 | 9 | 0,000322 |
296141DP6 | 0,0293 | 8 | 0,000263 |
The CITY OF LAUDERHILL bond (CUSIP: 51856ABL8) provides the highest yield spread at 0.0048, indicating strong earning potential for investors looking for higher returns within Florida municipal bonds.
Best Value Florida Muni Bonds (Highest Yield Spread to Credit Score Ratio):
Some of the best opportunities in the Florida municipal bonds market are those offering high yields relative to their credit score. Below are the top picks:
CUSIP | Yield to Worst | BV Credit Score | Yield_to_Credit_Ratio |
---|---|---|---|
51856ABL8 | 0,032 | 8 | 0,0006 |
52349AAH1 | 0,0308 | 10 | 0,00036 |
696583EJ8 | 0,0305 | 10 | 0,00033 |
673530AZ4 | 0,0301 | 9 | 0,000322 |
296141DP6 | 0,0293 | 8 | 0,000263 |
Yield Curve and Credit Quality
The yield curve for Florida municipal bonds illustrates how bond yields increase as time to maturity lengthens, with credit quality being a key determinant of the returns. Municipal Bonds with shorter maturities and higher credit scores tend to offer lower yields, reflecting their lower risk.
By analyzing this curve, investors can identify bonds that offer an ideal balance between yield and credit quality, matching their risk tolerance.
Risk-Return Analysis: Florida Municipal Bonds
The “Risk-Return Analysis” is a valuable tool for investors, as it provides insights into how much yield they can expect based on the credit quality of the bonds they are considering. By understanding this relationship, investors can make more informed choices that align with their financial goals and risk tolerance.
This visualization plots the yield to worst against credit quality, emphasizing the trade-off between credit risk and yield:
The “Risk-Return Analysis” refers to a graphical representation that helps investors understand the relationship between the yield of a bond and its credit quality. Here’s a breakdown of what this analysis entails:
Key Components of the Risk-Return Analysis of Florida Municipal Bonds
Yield to Worst
- The Yield to Worst represents the lowest possible yield an investor can receive if the bond is called or matures early. It’s a conservative measure that shows the “worst-case” return.
- Typically, bonds with higher yields offer greater returns but come with increased risk. In contrast, bonds with lower yields generally indicate lower risk but smaller potential returns.
Credit Quality:
- In a scatter plot, each point represents a different bond. The x-axis shows the credit score, while the y-axis displays the yield to worst.
- The colors of the points reflect the bond’s credit quality, with darker colors indicating higher credit scores (less risk) and lighter colors representing lower scores (more risk).
Interpreting the Risk-Return Trade-off
- The scatter plot illustrates the trade-off between risk and return: bonds with lower credit scores (higher risk) usually offer higher yields to attract investors.
- Conversely, bonds with higher credit scores (lower risk) tend to offer lower yields, as they are considered safer investments.
Making Investment Decisions
- Investors who are risk-averse may prefer Florida municipal bonds with higher credit scores, even though they might have lower yields. This offers more security with reduced risk.
- On the other hand, risk-seeking investors might opt for bonds with lower credit scores to capture higher yields, accepting the increased risk that comes with those investments.
Investment Considerations in Florida Municipal Bonds
- Strong Credit Quality: These bonds generally exhibit strong credit quality with attractive yields, suitable for conservative investors seeking low risk.
- Tax Benefits: Interest earned on Florida municipal bonds is often exempt from federal and state taxes, enhancing net returns.
- Short-Term Maturities: Many bonds have short-term maturities, reducing interest rate risk for investors.
Potential Risks
- Market Liquidity: As with any municipal bonds, market liquidity and reinvestment risk are considerations, particularly with approaching maturity dates.
- Premium pricing could imply some capital loss if held to maturity.
These findings should assist in providing a comprehensive view of the investment opportunities within Florida’s municipal bond market. Florida municipal bonds provide a mix of attractive yields, strong credit quality, and tax advantages. However, investors should carefully assess their financial goals and risk tolerance when considering these bonds as part of their portfolio.
Florida Municipal Bonds: Issuer Information
City of Lauderhill, Florida
Issuer Overview: Lauderhill is a city in Broward County, Florida. The General Obligation Refunding Bonds, Series 2015 were likely issued to refinance existing debt.
Investment Potential: General obligation bonds are typically backed by the full faith and credit of the issuing municipality, which can provide stability for investors looking for secure returns in Florida municipal bonds. However, specific investment potential would depend on the city’s financial health and bond terms.
Lee County, Florida
Issuer Overview: Lee County is located in southwest Florida. The Non-Ad Valorem Refunding Revenue Bonds, Series 2012 were issued to refinance existing debt. These bonds are not backed by property taxes but by other county revenue sources.
Investment Potential: These Florida municipal bonds for sale can offer diversification from property tax-backed bonds. The investment potential would depend on the stability and growth of the county’s various revenue streams.
Town of Palm Beach, Florida
Issuer Overview: Palm Beach is a town in Palm Beach County, Florida. The Public Improvement Revenue Refunding Bonds, Series 2016A were issued as part of the Capital Improvement Program.
Financial Information: As of September 30, 2022, the Town had $132,445,000 in revenue bonds outstanding and $60,585,000 in general obligation bonds outstanding. The Town maintains an AAA issuer’s rating from both Moody’s and Standard & Poor’s.
Investment Potential: The Town’s high credit ratings suggest strong financial management and stability, which could be attractive to investors seeking lower-risk municipal bonds in florida.
City of Oakland Park, Florida
Issuer Overview: Oakland Park is a city in Broward County, Florida.
Escambia County School Board, Florida
Issuer Overview: This bond is issued by the school board of Escambia County, Florida, likely to finance school-related projects or refinance existing debt.
Investment Potential: School district bonds are often considered relatively stable investments due to the essential nature of education services. However, specific investment potential would depend on the district’s financial health and state support for education.
Polk County School Board, Florida
Issuer Overview: This bond is issued by the school board of Polk County, Florida, as part of a master lease program.
Investment Potential: Master lease programs can provide flexibility for the issuer. For those investing in Florida Municipal Bonds, the potential would depend on the specific terms of the lease agreement and the district’s financial stability.
School District of Miami-Dade County, Florida
Issuer Overview: This is a general obligation bond issued by one of the largest school districts in the United States.
Investment Potential: General obligation bonds from large school districts can be attractive due to their broad tax base. However, investors should consider factors like enrollment trends and state education funding.
The School Board of Broward County, Florida
Issuer Overview: These are Certificates of Participation (COPs) issued by another large Florida school district.
Investment Potential: COPs can offer investors a way to participate in lease revenues. The investment potential for these Florida municipal bonds would depend on the specific lease terms and the district’s financial health.
Florida State Board of Governors University of Florida
Issuer Overview: This bond is related to parking facility revenue for the University of Florida.
Investment Potential: University revenue bonds can be attractive if the university has stable enrollment and strong demand for services like parking. However, investors should consider factors like changes in campus operations that could affect parking revenue.
For Investors & Analysts
Keep Your Broker Honest: Your broker might not always inform you about the best bonds for sale. With BondView, you get better information than your broker.
Verify a Muni Bond Quote: Check the accurate price of a bond your broker suggests. Compare your estimated price against real-time asking prices.
Gauge Ease of Buying or Selling a Bond: BondView offers three liquidity indicators, showing bond demand based on fund activity. Assess public and BondView portfolio activities.
This list is updated every 2 months.
This list of Florida municipal bonds for sale is current as of September 16, 2024. For real-time information, use BondView as your guide. A quick CUSIP entry or advanced search reveals details such as interest rates, coupon rates, maturity dates, recent trade prices, and credit ratings.
As with any investment, the market value may vary during the period the investment is held. This article is informational only and does not a substitute for professional financial advice. Please check with your financial advisor before making any investments. Subject to prior sale and market conditions. Price as of 09/16/24.