Bloomberg Surveillance · Monday, July 20, 2026
The speaker identifies school districts as a sector where value can be found, despite headline pressure. They highlight an example of a non-rated school bond in New York offering a 3% yield for a one-year term, suggesting that diligent research can uncover attractive opportunities for investors willing to do the homework.
“One from a sector perspective, I would say school districts are starting to come under pressure, headline pressure. But if you find the right school district, you can get a lot of extra yield. For example, in New York last week in our New York ETF, a non rated school ban. Not many individuals will want to do the homework on a non rated offering. But for us, if we can get three percent for a one year piece of paper for a New York resident, that's like you suggest in the.”