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GUSD
3.8%
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Launch
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Jiebi News reported that Franklin Federal Tax-Free Income Fund (advisory type, net of fees) outperformed its benchmark, the Bloomberg Municipal Bond Index, in the second quarter of 2026. The fund overweighed municipal bonds with maturities of more than 20 years, and also overweighed BBB-rated and A-rated bonds. The report noted that the amount of new municipal bond issuance in the second quarter of 2026 continued to grow at a rate that was 8% higher than last year. By the end of the quarter, the benchmark 10-year Treasury yield rose by 15 basis points to reach 4.47%.