bond fund

The Senate plan supports each university’s top priority project through bond fund authorization, except for Kentucky State University.

The plan has been funded by some prior federal grants, as well as a bond fund approved by voters in 2008, and revenue from the state’s cap-and-trade climate program.

The consolation for bond fund managers is that yields are now far more attractive to investors than three years ago, when they were close to zero.

Now, interest income can keep bond fund returns positive even if prices fall further.

China will reasonably set the pace of bond insurance and match the issuance with spending, Zhu said, adding that authorities will take steps to prevent bond fund misuses.