In the latest financial disclosure filed on January 9, 2025, Congressman Mike Kelly from Pennsylvania's 16th District reported a notable transaction involving municipal bonds. The disclosure reveals that on December 2, 2024, a sale transaction was executed involving California State General Obligation Call bonds, which have a 4% coupon rate and mature on December 1, 2047. The bonds were held under the Victoria Kelly Trust ICA.
The transaction was a sale valued between $1,001 and $15,000. This sale could suggest a strategic repositioning of assets within the trust, potentially in response to interest rate expectations or changes in the municipal bond market. Given the long maturity of these bonds, the decision to sell might also reflect a desire to reduce exposure to long-term interest rate risks or to reallocate funds into other investment opportunities.
As this is the only trade disclosed, it highlights a specific focus on adjusting holdings within municipal bonds for the period covered.
Transaction Date | Type | Symbol | Amount | Notes |
---|---|---|---|---|
Dec 2, 2024 | Sell | $1,001 - $15,000 | California St Go Call 12/1/27 4% due 12/1/47 [GS] FILING STATUS: New SUBHOLDING OF: Victoria Kelly Trust ICA |