California Municipal Bond Expert Available for Commentary On Impact of Energy Crisis On State Bonds.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 11, 2001 Mary Beth Syal, municipal bond fund Municipal Bond Fund A mutual fund that invests in municipal bonds, operating either as an investment trust or as an open-end fund. Notes: Because the bonds are local government issues, they usually help to maximize tax-exempt income. portfolio manager for Paydenfunds, a subsidiary of Payden & Rygel, is available for comment on the current drop in California bond prices. The state is planning to issue more than $20 billion of new bonds this year, potentially driving prices even lower and adding to dismal dis·mal adj. 1. Causing gloom or depression; dreary: dismal weather; took a dismal view of the economy. 2. economic forecasts for state businesses as well as bond investors. Syal oversees a portfolio of more than $2 billion in tax-exempt securities Tax-exempt security An obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district. . She can provide commentary such as the following: -- Will California bond prices continue to go down? How far? How fast? -- What will be the impact on other California municipalities? -- How to integrate municipal bonds with other fixed-income investments for diversification and favorable tax treatment. Syal is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. and Managing Principal of Payden & Rygel, one of the nation's largest independent investment management firms with more than $35 billion under management. She heads the firm's Municipal Bond Strategy Group and also manages the firm's Taxable Client Services Group that advises both corporate and private taxable clients. Readers can reach Syal at 213/625-1900, or call Rick Terrell or Barbara Casey at 310/458-1224 to schedule a specific time to talk. |
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