u/better-bitter-bait

As a retiree, I have only been trading bonds for a few years now, and this is a first for me. 81887TAA2 Shaffer Elementary California bond matured on 08/01/2026, but here it is more than two weeks later and nothing. I called my broker twice and they said to just keep waiting. Interestingly, the muni has made their interest payments on time, I just want to get my principal back now.

I think they have a rating of A+. I thought bonds were a pretty safe way to keep cash flow going, but now I am wondering if I need to just stick with treasuries.

What are the next steps if any that I can take to regain my principle, if it comes to that? Also, if they end up paying months late, do I get an extra interest payment for that?