The declining yields in taxable funds, he said, still partly reflected the easing of monetary policy by the Federal Reserve a month ago.
Higher yields reflect lower debt prices, as investors insist on higher returns to buy the debt.
But the very high yields for the most aggressive funds reflect their exceptional riskiness and such funds could have sharp drops in price.
The yield on gilts that are some years from maturity will reflect long-term interest rates.
Quoted yields reflect a small markup by the broker.
The lower yields reflect the supply of new municipal bond issues coupled with increased investor demand.
The high yields carried by the securities reflect the risk ascribed to Oxford's financial condition.
The yield on the benchmark 30-year bond generally reflects the bond market's outlook on interest rates.
While the funds' yields still reflect changes in interest rates, the insurance guarantees aim to even out the bonds' price fluctuations.
So far, these higher yields reflect strong forecasts for growth in both the domestic and global economy.