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American Century California High-Yield Municipal Fund Q2 2026 Commentary


Selective focus of dollar notes and red tag written with MUNICIPAL BONDS on white wooden background.

Mohamad Faizal Bin Ramli/iStock via Getty Images

Market Review

California munis rebounded. After declining slightly in the first quarter, municipal bonds (munis) rebounded to deliver a solid second quarter gain. Attractive municipal bond yields and a healthy supply/demand backdrop helped support the asset



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