Tennessee Valley Authority Preferred Stock 2.216% (TVE)
Market Closed
11 Aug, 20:00
NYSE NYSE Primary $
23. 48
+0.02
+0.0853%
$
12.32M Market Cap
- P/E Ratio
- Div Yield
5,804 Volume
0.29 Eps
$ 23.46
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Tennessee Valley Authority Baby Bonds: Riding The Yield Curve
The FOMC Fed Funds Rate cuts create new investment opportunities in low-duration, high-credit-quality fixed-income instruments like TVA's baby bonds TVE and TVC. TVE and TVC offer over 5% yield to maturity, quarterly interest payments exempt from state and local taxes, and are highly rated by credit agencies. Both bonds are undervalued, trading at a 70 basis points spread above corresponding Treasuries, suggesting a mispricing and potential for higher returns.
Seekingalpha | 1 year ago
