This Lawmaker Trades Bonds Over Stocks And Just Bought 2 Municipal Bonds With Great Yields

Democratic Congresswoman Suzan DelBene has made more than 180 trades over the past three years and they are typically in municipal bonds. When the Washington representative does trade stocks, her preferred issues tend to be Microsoft Corporation MSFT, reported by Capitol Trades.

Although equities have been the preferred investment in a low-interest-rate environment, the tides are switching as corporate and municipal bonds are offering higher yields as the Fed raises interest rates.

Here are two municipal bonds a lawmaker recently purchased.

See Also: REITs Versus Bonds As Yield Investments

• The New York City Transitional Finance Authority has a coupon rate of 0.38% with a maturity date of July 15, 2023. The TFA is a public benefit corporation whose primary purpose is to finance a portion of New York City’s capital improvement plan.
• The Act was amended in 2009 which permitted the TFA to have outstanding $13.5 billion of Future Tax Secured Bonds. Congresswoman DelBene purchased a range of between $1,000 to $15,000 in bonds of TFA on Oct. 7 in a joint venture filing, reported by Capitol Trades.
• The Round Rock Texas Independent School District School Building has a coupon rate of 5% with a maturity date on Aug. 1, 2025. The Round Rock ISD community approved the $508.4 million bond proposition on the Nov. 6, 2018 ballot.
• Projects included in the bond package are a new elementary school to address explosive growth on the district’s northeast side and expanding existing schools to replace portables and accommodate growth.

Lawmaker DelBene purchased a range of between $15,000 to $50,000 in bonds of Round Rock, in a joint venture filing on Oct. 17, 2022.

Congresswoman DelBene has served as a representative from Washington's 1st congressional district since 2012.

As of Sept. 29, 72 Congress members violated the federal STOCK Act, which was formed to prevent insider trading. But lawmakers like Senators Elizabeth Warren and Steve Daines want to go a step further and ban members of Congress and their spouses from owning or trading individual stocks.