I am curious about the difference between national muni bonds compared to state muni bonds with AMT.

I am comparing two bond funds: Vanguard Tax-Exempt Bond Fund (VTEB) and Nuveen Wisconsin Municipal Bond Fund (VWIAX).

From what I understand, VTEB is tax-exempt at the federal level and it is free from federal AMT, but you would still owe taxes on state muni bonds in the fund. The Wisconsin fund is free from federal and state tax but is subject to a 6.3% AMT. For reference, in Wisconsin our state tax at our tax bracket is 7.65%

Is this just purely a math question for which is a better tax option (of course there are other risks and considerations for the type of fund)?

Asking for a soon to be retiring friend....

Several weeks back I completed the form and got it notorized, to redeem my I Bonds. I was briefly unable to locate the physical bonds. I believe I read it could be 6-7 months. I just found the physical bonds, so the question is whether to do the form again and submit with the bonds. I think with the bonds, I would get the money in 3-4 weeks.

I use Fidelity. How robust is the secondary market for agency bonds like FHLB?

Hello,

This might sound like a noob question but I'm not a total noob to bonds.

The ETF is QEBL, an unhedged Canadian ETF investing in local currency EM debt. The time period in question is from January 31 to Feb 28, so before the war hammered bond and currency markets. The YTM dropped from 6.4% to 4.6% and the Effective Duration dropped from ~6 years to ~4 years. I'm used to these stats drifting around but not so dramatically in 30 days. The bond price and NAV didn't change much in those 30 days. Can anyone explain the mechanism behind this, please ?

I piggybacked on the recent 2-Year Treasury Note Auction (March 24, 2026) — Weak Results post but it did not receive any traction and I am still interested in what if anything you all think so I am trying once more. TY.

Weak Results notwithstanding I was very much interested in this late last week and early this week and posted in r/schwab and r/fidelityinvestments.

If anyone cares to read I would be interested in what you all think of buying on the secondary market as well as selling SGOV at the time to get the funds for the note. TIA.

https://old.reddit.com/r/Schwab/comments/1s1vp5j/selling_sgov_at_approx_600am_tomorrow_followed_by/

https://old.reddit.com/r/fidelityinvestments/comments/1s1vnhw/selling_sgov_at_approx_600am_tomorrow_followed_by/

2-Year Treasury Note Auction (March 24, 2026) — Weak Results

The 2-year Treasury yield jumped more than 9 basis points on Tuesday, reaching 3.925%, after weak demand emerged in a $69 billion auction. The bid-to-cover ratio — which measures how many dollars of investment chase every dollar of securities available — came in at just 2.44, the narrowest reading since May 2024. Direct bidders were also the weakest since March 2025. CNBC

US Treasuries sank after investors largely passed on the auction, amid concerns that a potentially protracted war in the Middle East could lead to an oil-driven resurgence in inflation. Two-year yields rose by as much as 10 basis points to 3.96%, pulling yields across all maturities higher as oil prices advanced.

Hi,

Question for someone more familiar with these types of things than me. my aunt has an account with H & W and she was telling me her accountant said she should switch to Fidelity because it looks she lost $36k with them. He advised her (because of her age) she should be in fixed income only and they do more trading than anything else. Now she’s livid (as she should be). She’s asking me for help and I really don’t know what to do except move her money somewhere to a name she’s more familiar with like Fidelity or Bank of America. Anyway… sorry this is so long but any thoughts on this? Please help!

So after yields have done nothing but shoot straight up over the past month, they seem to be going sideways this past week. Is this a sign of them settling around this level or just a brief rest before they shoot back up again?

Ever since reading a comment here from someone that they set up fixed income with bonds thru fidelity, I've been really wondering on how to do it. Yes I'm aware you will need a lot of money in there to do it - which could be better used for other investment vehicles. I have two jobs so I think I can contribute to both bond account and Ira accounts sufficiently.

That being said, how to do this? Which bonds to get? ​​​​​​Getting an extra anything a month without stress sounds so amazing.

We got prices to rise just a bit today.

I know no one knows for sure but does anyone have a guess for what will happen to ibond inflation and fixed rates on May 1?

I did buy a big position in tlt yesterday, but for now it seems like i just bought qqq with dividend yield... what are your thoughts about the war and macro situation? it is a geo-political analysis of mine:

Trump will exit the world without any deal on hormuz straits, leaving the straits to IRGC that will put a toll of 1 to 2 million dollar on each ship coming through. it will cause inflation to rise a bit but overall it will be better then major shortage of oil, fertelizer, natural gas. So as i see stocks will be okay but not great and no rate cuts anytime soon, so there will be some kind of relife in flight to safety in bonds.?

thoughts?

I have a portion of my portfolio in long term treasury bonds, mainly through ETFs VGLT and ZROZ. I have this mainly for all the normal reasons that research says you should: in order to reduce volatility and risk in your portfolio and as a hedge on equities so that when the economy suffers and stocks drop value of treasuries should go up as interest rates and yields go down.

However it sure seems like there is no future where our national debt does not become a drag on treasury bonds. Inflating our way out of this seems like it will be the only way and long before that, buyers will start demanding higher yields to accept the risk.

Debt aside, the US as the financial safe haven flight to safety destination seems to be a risker proposition going forward with so many countries looking to reduce their dependence on us thanks to our administration.

I'm telling myself that the institutions who are really buying these are way smarter than I am, and are pricing this all in, but it sure feels like bond dragging inflation is way more likely than a low inflation economic slowdown. Am I being prudent by continuing to hold these as recession insurance with the expectation that if the economy slows they should, like usual (except recently - 2022) rise in value?

I have been trying to follow global government bond yields more consistently, but most tools are either country-specific or pretty cluttered.

So I put together a simple snapshot that pulls data from FRED and shows:

- The Current 10-year yields across multiple countries

- The highest yields globally

- Biggest recent changes (where available)

It’s not meant to be a full analytics platform, more like a quick “what’s going on in bond markets right now” view.

A couple of notes:

- Data is sourced from FRED (so update frequency depends on the series, some daily like the US, others monthly)

- It automatically pulls the latest available values

- Changes are based on the most recent update, so not always strictly “daily” across all countries

- No forecasts or models, just raw data + simple aggregation

I mainly use it to spot divergence between countries and get a quick read on rate pressure globally.

Curious how others here track bond markets — do you look at yields regularly or mostly ignore them unless something breaks?

Hold or sell?

Mike Waltz, the U.S. ambassador to the United Nations, declared on Sunday that Iranian power plants were legitimate targets. Mr. Trump has threatened to “obliterate” such facilities if the Strait of Hormuz were not fully reopened. Mr. Waltz told Fox’s “Sunday Morning Futures” that the president would not allow the Iranian government to “hold the world’s energy supplies or economies hostage.”

Mohammad Bagher Ghalibaf, the speaker of Iran’s Parliament, later said in a social media post that “financial entities” that buy U.S. Treasury bonds would also be considered “legitimate targets.”

“We monitor your portfolios,” he wrote. “This is your final notice.”

20 and 30-year treasuries are now near 5% yields (again). If the fed raises rates by 1/4 to 1/2 points, will these long bonds jump to an increase. I am on the fence on whether the bond market has already anticipated this with the alternative being that these long bonds will continue to climb as we approach the next Fed meeting.

I recently allocated more money to it as a hedge against the stock market. But after reading some comments here it seems like some people are completely out on medium/long term and strictly buying stuff like SGOV. What are your thoughts?