USAA State Tax Exempt Bond Funds Commentary
USAA California Bond Fund // USAA New YorkBond Fund // USAA Virginia Bond Fund. STATE TAX EXEMPT BOND FUNDS. QUARTERLY COMMENTARY . As of June 30, 2021 . Not FDIC Insured • May Lose Value • No Bank Guarantee . 1. Market Review & Outlook. In the second quarter of 2021, spreads in the muni market tightened closer to pre-pandemic levels ... ................
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