ABNâs should be executed when: 1  Tests(s) are deemed by the NCD policy as not medically necessary. 2  Screening test(s) that are part of a routine examination where the patient shows no signs nor symptoms of disease. 3  Test(s) that exceed the NCC frequency limits.
Under rules governing municipal bonds, callable premium bonds must be priced to the date resulting in the worst (lowest) yield for the investor. Generally this means that the bonds are priced to the first call date. This is attractive to investors because, in the event the bonds are not called, the yield to maturity will be much higher. Furthermore, in a rising rate environment, premium bonds retain their value better than par or discount bonds.
Burt Mulford, CFA, portfolio manager of Eagle's municipal bond portfolios, discusses the team's 2017 outlook; interest rates; views on market segments; post-election scenarios; and why now may be a good time to consider Eagle's actively managed high-quality municipal-bond strategies. â Click here to view the video.