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HEADLINES:

From Stockton To Puerto Rico: What's Driving The Muni Market?
Matt Tucker • Wed, Apr 10 • 3 Comments
Federal Judge Green-Lights Stockton Bankruptcy
AllianceBernstein • Mon, Apr 8 • 1 Comment
Fidelity Increases Commission-Free ETF Count to 66
Ron Rowland • Mon, Mar 18 • 2 Comments
Muni-Bond Outlook: Expecting High Relative Volatility Due To Low Yields, Potential Tax Changes
Morningstar • Wed, Feb 27 • 2 Comments
A Tax Free Dividend Fund: California, Here I Come
Stephen Ryan • Mon, Dec 17, 2012 • 4 Comments
State Default Risk Continues To Lighten
Bespoke Investment Group • Mon, Nov 26, 2012
Municipal Bonds For The Summer Season
Alpha Guru • Wed, Sep 19, 2012 • 2 Comments
Warning: Stay Away From These Risky Bonds
StreetAuthority • Tue, Sep 11, 2012 • 2 Comments
7 Stocks With Exposure To China's Growing Orthopedic Market
Stock Whiz • Fri, Aug 24, 2012 • 2 Comments
Muni Bond ETFs Yawn At Latest Bankruptcy
Tom Lydon • Fri, Jul 20, 2012 • 5 Comments
Net Gains Matter To Muni ETF Investors
Gary Gordon • Thu, Jul 12, 2012 • 4 Comments
Muni-Bond Tax Exemption Under Active Attack -- May Be Limited In 2013
Richard Shaw • Thu, Apr 19, 2012 • 43 Comments
Wednesday ETF Roundup: CMF Pops, XHB Drops Ahead Of Housing Data
Stoyan Bojinov • Wed, Apr 18, 2012
National Muni ETFs Offer Better Reward For The Risk Than California Muni ETFs
Gary Gordon • Tue, Apr 17, 2012 • 10 Comments
Wednesday ETF Roundup: CMF Creeps Higher, EWZ Drops After Durable Goods Data
Stoyan Bojinov • Wed, Mar 28, 2012
Big State Doesn't Mean Bad Muni Bond
Russ Koesterich • Wed, Jan 25, 2012 • 1 Comment
Muni-Bond Tax Exemption At Risk In Obama Jobs Proposal
Richard Shaw • Tue, Sep 13, 2011 • 9 Comments
Emerging Market/International Bonds Still Good Hedge Against Dollar Devaluation
MyPlanIQ • Fri, Aug 5, 2011 • 4 Comments
ETF Kings: Best Performers From First Half of 2011
Michael Johnston • Fri, Jul 8, 2011 • 1 Comment
5 ETFs to Watch if Meredith Whitney Is Right About Munis
Michael Johnston • Wed, Jun 29, 2011 • 2 Comments

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A Tax Free Dividend Fund: California, Here I Come
Stephen Ryan • Mon, Dec 17, 2012 • 4 Comments
California State General Obligation Bonds
Carl Dincesen • Mon, Jan 11, 2010 • 1 Comment
The Real Problem with ETNs: The Spreads
IndexUniverse • Fri, Oct 30, 2009 • 2 Comments
State Muni Bonds: Steer Clear of California Bond ETF
Richard Shaw • Mon, Dec 8, 2008 • 2 Comments

From Stockton To Puerto Rico: What's Driving The Muni Market?
Matt Tucker • Wed, Apr 10 • 3 Comments
Federal Judge Green-Lights Stockton Bankruptcy
AllianceBernstein • Mon, Apr 8 • 1 Comment
Fidelity Increases Commission-Free ETF Count to 66
Ron Rowland • Mon, Mar 18 • 2 Comments
Muni-Bond Outlook: Expecting High Relative Volatility Due To Low Yields, Potential Tax Changes
Morningstar • Wed, Feb 27 • 2 Comments
State Default Risk Continues To Lighten
Bespoke Investment Group • Mon, Nov 26, 2012
Municipal Bonds For The Summer Season
Alpha Guru • Wed, Sep 19, 2012 • 2 Comments
Warning: Stay Away From These Risky Bonds
StreetAuthority • Tue, Sep 11, 2012 • 2 Comments
7 Stocks With Exposure To China's Growing Orthopedic Market
Stock Whiz • Fri, Aug 24, 2012 • 2 Comments
Muni Bond ETFs Yawn At Latest Bankruptcy
Tom Lydon • Fri, Jul 20, 2012 • 5 Comments
Net Gains Matter To Muni ETF Investors
Gary Gordon • Thu, Jul 12, 2012 • 4 Comments
Muni-Bond Tax Exemption Under Active Attack -- May Be Limited In 2013
Richard Shaw • Thu, Apr 19, 2012 • 43 Comments
Wednesday ETF Roundup: CMF Pops, XHB Drops Ahead Of Housing Data
Stoyan Bojinov • Wed, Apr 18, 2012
National Muni ETFs Offer Better Reward For The Risk Than California Muni ETFs
Gary Gordon • Tue, Apr 17, 2012 • 10 Comments
Wednesday ETF Roundup: CMF Creeps Higher, EWZ Drops After Durable Goods Data
Stoyan Bojinov • Wed, Mar 28, 2012
Big State Doesn't Mean Bad Muni Bond
Russ Koesterich • Wed, Jan 25, 2012 • 1 Comment
Muni-Bond Tax Exemption At Risk In Obama Jobs Proposal
Richard Shaw • Tue, Sep 13, 2011 • 9 Comments
Emerging Market/International Bonds Still Good Hedge Against Dollar Devaluation
MyPlanIQ • Fri, Aug 5, 2011 • 4 Comments
ETF Kings: Best Performers From First Half of 2011
Michael Johnston • Fri, Jul 8, 2011 • 1 Comment
5 ETFs to Watch if Meredith Whitney Is Right About Munis
Michael Johnston • Wed, Jun 29, 2011 • 2 Comments
Under Obama Tax Plan, Muni Bonds May Do Well Even as Interest Rates Rise
Richard Shaw • Sun, Apr 17, 2011 • 18 Comments

There are no Transcripts on CMF.

Market Extra: Can muni bonds help you deal with fiscal cliff?

at MarketWatch.com (Nov 19, 2012)
Build America Bond program resurrected

at MarketWatch.com (Feb 14, 2011)

CMF vs. ETF Alternatives

CMF Description

The iShares S&P California AMT-Free Municipal Bond Fund seeks results that correspond generally to the price and yield performance, before fees and expenses, of the California municipal bond sector of the U.S. municipal bond market as defined by the S&P California AMT-Free Municipal Bond Index.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to Municipal Bond ETFs and Closed-End Funds
Asset Class Performance: Bonds

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, April 23, 5:53 AM San Bernardino's council has passed a budget that will allow the bankrupt Californian city to restart $1.2M in biweekly employer contributions to Calpers while continuing to renege on its commitments to its other creditors, including bondholders. Along with Stockton, San Bernardino represents a test case over who should get paid first when a municipality goes bankrupt - the public employees or the bondholders. (previous) 4 Comments [Global & FX, Top Stories, U.S. Economy]
Thursday, April 18, 1:34 PM A butterfly flaps its wings in California? Tiny Canyon Lake (pop. 11K) notifies CalPERs it wants out of the pension plan, and says it's ready to pay a termination fee to do so. Behind the decision is CalPERs' recent approval of a 50% rise in employer contributions over the coming years. "How many cities might opt out," says a bankruptcy attorney. "The issue here for CalPERs is if Canyon Lake becomes a trend." Comment! [U.S. Economy]
Friday, April 12, 4:04 AM California has raised $2.7B in a general-obligation bond offering, selling $1.25B for capital projects and $1.5B to refinance existing debt. The state took in $700M more than it initially intended to, although it had to raise the yield on 10-year paper to 2.37% from 2.33%, or 0.58 percentage point above the rate on benchmark 10-year munis. Comment! [Global & FX]
Friday, April 12, 2:46 AM San Bernardino in California has proposed restarting bimonthly $1.2M employer contributions to Calpers almost a year after the city suspended the payments, although it will continue to renege on its commitments to other creditors, including bondholders. The decision highlights the battle over who should take most of the pain when a city goes bankrupt - the bondholders or the public servants. Comment! [U.S. Economy, Global & FX, Top Stories]
Wednesday, March 27, 4:56 AM A federal judge is due to hear closing arguments today about whether Stockton in California should be allowed to file for bankruptcy protection. The main is issue is whether the city can continue paying into the Calpers pension fund while forcing losses on bondholders. The case is being widely watched, with Alabama's Jefferson County and California's San Bernardino also considering breaking with the long-standing practice of meeting obligations to bondholders. 9 Comments [Global & FX, U.S. Economy]
Monday, March 18, 4:57 AM Ron Rowland offers additional highlights on the recently expanded lineup of commission-free ETFs over at Fidelity including the following caveat: Funds not held for 30 days by retail investors or 60 days by RIAs using Fidelity as a custodian will be subject to a $7.95 per-trade commission. Some RIAs have complained that the longer holding period directed at them is unfair. Rowland spells out the full list of affected ETFs here. Comment!
Thursday, January 31, 3:39 PM California gets its first upgrade from S&P since 2006, the agency hiking the rating on the state's general-obligation bonds to A from A-. "The economic expansion is gaining positive momentum," and the approval of higher sales and income tax rates "positions the state to capitalize on burgeoning economic activity." S&P should ask Phil Mickelson about that one. 49 Comments [U.S. Economy]
Thursday, January 31, 5:52 AM California is set to receive $5B more in tax revenue for January than it initially forecast. One reason could be increased state rates, while another may be the rise in national capital gains taxes that took effect this month - with January the deadline for 'estimated tax' payments for the prior calendar year, investors may have cashed out to avoid the hike. 4 Comments [U.S. Economy]
Friday, January 11, 5:30 AM After facing years of ballooning deficits, California is forecasting it will generate an $851M surplus in the next fiscal year starting on July 1. Under Governor Jerry Brown's budget, which he unveiled yesterday, general-fund revenue is forecast to rise 3.3% to $98.5B and spending 5% to $97.7B. Brown expects the state's cost cuts, tax rises and improving economy to be the main factors behind its better finances. 5 Comments [U.S. Economy]
Friday, December 21, 2012, 12:18 PM Panic gripping the municipal bond sector might be a buying opportunity. Amid worries of the future of the tax exemption, $2.8B fled the sector last week - the sort of numbers not seen since 2 years ago when tobacco bonds were downgraded. "Shocking," says RBS' Chris Mauro, expecting cooler heads to prevail in the new year. 1 Comment [U.S. Economy, Financials]
Tuesday, December 11, 2012, 4:54 PM San Bernardino's creditors square off with a group of Wall Street bondholders arguing they should have the same status as Calpers in the city's bankruptcy proceedings. Among the creditors are Ambac and a unit of MBIA (MBI). A loss by the creditors would have major repercussions for municipal finance - look for the case to make its way to the Supreme Court at some point. 2 Comments [U.S. Economy]
Tuesday, December 4, 2012, 3:12 AM After voters approved tax hikes for the rich in the recent election, California’s Legislative Analyst’s Office is forecasting that the state will enjoy a surplus of $1B by FY 2014-2015. Critics says the increases will lead to an exodus of residents, businesses and jobs, although Governor Jerry Brown's office points to a report which says that the link between tax policies and migration are untrue. 37 Comments [U.S. Economy]
Wednesday, November 28, 2012, 10:44 AM The stakes are raised as Calpers moves to sue San Bernardino over the bankrupt city's decision to halt its bi-weekly payments to the fund. The precedent-setting case will have major implications for the way bondholders and insurers are treated in a municipal bankruptcy. If Calpers loses - good for creditors. If Calpers win - not so good. It's hard to imagine this not making its way to the Supreme Court. Comment! [U.S. Economy]
Tuesday, November 20, 2012, 5:40 AM Bankrupt Californian city San Bernardino presented a new budget yesterday in which it proposed renegotiating its obligations to the Calpers pension fund as part of its restructuring. San Bernardino is being closely watched, as Wall Street bondholders have indicated that they plan to challenge Calpers' historical primacy as a creditor in bankruptcy cases. Comment! [U.S. Economy]
Monday, October 22, 2012, 12:34 PM A story worth following unfolds in California where San Bernardino attempts to get a handle on pension costs by stopping biweekly contributions to Calpers. "A David and Goliath moment," says a bankruptcy attorney. At stake? Check out Vallejo, whose average post-bankruptcy pension cost for a fireman is greater than the starting salary of a NYC fireman. More than $200K to pay a safety worker? It's hard to make the numbers work. 5 Comments [U.S. Economy]
Wednesday, October 10, 2012, 7:58 AM The debt of 30 California cities - including Oakland, Fresno, and Sacramento - is placed under review for downgrade by Moody's. The move follows Moody's August report in which it noted bankruptcy is likely to become a new tool for cities trying to get concessions from bondholders. 7 Comments [U.S. Economy]

moneyhawk1
all in the money here i hope LAG IRR CLY LQD EMB CMF MBG this one is for mom EIRL . good day every one
4/18/12
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traderchats
Storm in S&P is buliding and with the trendline breakout is proven to be fake with CMF -ve divergence and MACD -ve divergence. TARGET:1165
1/10/12
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Dr. Kris
Gov'r Moonbeam's rays of sunlight: CA muni bonds on a stealth rise since Jan--MUC up 14%, CMF up 14%. All munis doing well today.
8/23/11
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Marc Chaikin
$T $VZ sideways pullback could lead to new highs, Power Gauge Bullish CMF strong
4/4/11
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Bespoke Investment Group
Muni bond ETFs $MUB $CMF $NYF http://bit.ly/aKMsKV
8/17/10
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Michael Kudrna
$SIRI a/d line trending north again with CMF mainly positive...chart looking better because of it
5/3/10
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Michael Kudrna
Not liking the negative trending intraday a/d line and negative CMF in $SIRI, we could see some lower prices from here
5/3/10
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Michael Kudrna
adding to SIRI at current levels, the accumulation is trending north and the CMF is showing positive buying pressure.
4/22/10
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Michael Kudrna
SSN still going strong from lows of day...CMF indicator very strong all morning. up about 10% from lows
4/14/10
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Thomas Pan
Amid record unemployment, the California unemployment fund will likely finish the year $7.4 billion in the red. CMF
11/24/09
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