Muni bond news.

The municipal corner of the market saw some volatility. The benchmark AAA municipal curve fell by ~10 basis points across the board. The ratio of municipal bond yields as a percentage of Treasury yields fell on this combination of moves and currently sits at ~66% at 10- years. The discount is now at some of the widest levels in nearly two decades. According to data provided by Matisse Capital, the average muni CEF is trading at an 11% discount to its NAV. This compares to the long-term average of 4% and the 1.5% discount on the funds at the beginning of 2022. The effect of the discount/falling share price also helps ...The municipal bonds that state and local governments sell to pay for unsexy-sounding infrastructure projects are offering their highest yields in more than a decade. New bond investors snapped up ...Foreign Investors Eye U.S. Muni Bond Yields. In contrast to the recent municipal bond news that demand for American muni bonds has slowed down state-side, the last …Summary. U.S. municipal bond market investors have seen a challenging first half of the year. The municipal market will continue to be pressured by the Federal Reserve’s (Fed’s) monetary policy.

NEW YORK (AP) — Municipal bond yields were mixed this past week, caught in a swirl of economic reports and trepidation about the upcoming U.S. presidential election. The 10-year yield on the AP Municipal Bond index moved in a narrow range and sat at 2.047 percent as of 5 p.m. Eastern time Friday. That's down from last week, when it …October 4, 2022 at 2:32 PM EDT. Save. This article is for subscribers only. After months of anguish, municipal bond investors are finally seeing a moment of reprieve. State- and local-government ...

Municipal bond issuance was just $396.7 billion in 2022, according to Refinitiv Lipper and JPMorgan data, well below most industry forecasts from the beginning of the year and a 20% decrease from the $498.6 billion in 2021. That decline in new supply has supported pricing for existing bonds.Get the latest iShares New York Muni Bond ETF (NYF) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

Morgan Stanley Research expects the value of muni ETFs to double to $200 billion in assets under management by 2026, representing about one-third of the time it took for this asset class to reach $100 billion. While this may seem like a drop in the large bucket of the $4 trillion municipal bond market, the growth of investment in muni bonds via ...A Top Muni Bond Fund Manager Gets Results. Debbie Carlson. August 9, 2023 6:40 am ET. The Baird Strategic Municipal Bond fund has beaten 97% of its peers over the past three years. Co-lead manager ... Outflows from municipal bond mutual funds intensified as Refinitiv Lipper reported $2.876 billion was pulled from them as of Wednesday after $255.794 million of outflows the week prior.The authors examine nearly 6,000 credit ratings for 4,237 muni bond issues in 2008, 2009, 2011 and 2012 in Texas and California, the only two states that provide data on ratings fees. ... You’ll receive a weekly update of important new resources to inform your news coverage and consumption. Editors’ Picks. Criminal Justice, Health, Politics ...As a result of the leadership shakeup, portfolio managers are being added to 10 of Nuveen’s muni bond funds, including its $17.7 billion High Yield Municipal Bond Fund and $4.8 billion All ...

Municipal to UST ratios were higher again as a result. The two-year muni-to-Treasury ratio Thursday was at 73%, the three-year was at 73%, the five-year at 74%, the 10-year at 75% and the 30-year ...

Jun. 2 2022, Published 11:22 a.m. ET. Source: Flickr. So far in 2022, municipal bonds, or muni bonds, have struggled to maintain popularity as the U.S. government raises federal interest rates ...

Retail Buyers Spur Muni Trading Record, Biggest Rally Since 1982. A welder works on an overpass in Irving, Texas. Municipal-bond trading soared to an all-time high …In effect, when you buy a muni water and/or sewer revenue bond, you are participating in a monopoly. Ensuring captured clients for your bonds is a great first step in analysis, but it isn't foolproof, as the earlier Detroit news demonstrates. The news clipping mentioned "looming capital needs" and "risks associated with derivatives."A closer look at the muni-bond market. We remain optimistic about muni bonds going into 2024 and believe that there are opportunities to find value across the credit spectrum. Technicals have the potential to be constructive for the sector going forward. Uncertainty around the Fed’s policy rate path and the US economy’s resilience …Munis offer attractive yields into year end. Municipals posted their third consecutive month of negative total returns amid rising interest rates. A seasonal swell in issuance was well absorbed as investors coveted high, absolute yields. It is likely prudent to begin positioning ahead of anticipated strength in December and January. Oct 3, 2023 · Clearly, many bonds are at higher yields than this, and the taxable equivalent yields of bonds from high-tax states are even higher. Double exempt bond yields at 4.5% or higher in high-income-tax ...

MAV's latest discount is pushing near 11%, providing a great sale price for municipal bond exposure. Most interest rate hikes should be behind us, so muni bonds should stabilize from here; in fact ...Dec 2, 2023 · Rate & Bonds News. World EU-Mercosur deal's future up to new Argentina government, sources say December 2, 2023. U.S. Markets US ETF assets hit record $7.65 trillion in November -State Street ... NEW YORK (AP) — After hitting a one-year high following Donald Trump's surprise White House victory, municipal bond yields climbed even higher this week. The yield on the 10-year muni bond was 2.525 percent as of 5 p.m. Eastern time on Friday, according to the AP Municipal Bond index. As recently as mid-August, it was below 1.8 …The Risks of Municipal Munis. Municipal munis are a type of zerocoupon bond. Zerocoupon bonds do not make periodic interest payments. Instead, they are sold at a deep discount from face value, and they mature at face value. For example, a $10,000 zerocoupon bond with a 20-year maturity may be sold for $5,000.Dec 4, 2023 · The $4 trillion municipal bond market is poised for gains in 2023, a turnaround from losses in the prior two years. High Yield Muni Bonds Outperform…. Easing inflation and a soft landing for the U.S. economy has brought cheer to lower-rated municipal bonds. High yield municipal bonds delivered 7.75% returns last month, outperforming overall ... News updates from October 4: Oil sinks more than 5%, Sunak axes northern leg of HS2; ... As part of that effort, the Fed has also promised to find ways to steady the muni bond market, ...

News updates from October 4: Oil sinks more than 5%, Sunak axes northern leg of HS2; ... As part of that effort, the Fed has also promised to find ways to steady the muni bond market, ...The share of outstanding municipal bonds held by U.S. households fell to 40% in the first three months of the year from 46% in 2020, according to a Municipal …

Apr 20, 2023 · Outflows from municipal bond mutual funds intensified as Refinitiv Lipper reported $2.876 billion was pulled from them as of Wednesday after $255.794 million of outflows the week prior. The “muni” in muni bonds is “municipality”—these are bonds issued by government entities that raise money for communities to do critical public works. Funding muni bonds isn’t just ...Oct 19, 2023 · The municipal bonds that state and local governments sell to pay for unsexy-sounding infrastructure projects are offering their highest yields in more than a decade. New bond investors snapped up ... MAV's latest discount is pushing near 11%, providing a great sale price for municipal bond exposure. Most interest rate hikes should be behind us, so muni bonds should stabilize from here; in fact ...Unpacking Muni Opportunities in a Slowing Economy. March 22, 2023. 5 min read. CONTEXT: Still shaking off 2022’s dismal returns, municipal bond investors now worry about the impact of a potential economic downturn. Gloomy news reports of projected budget gaps for state and local governments only add to their anxieties.bonds.Fritsch, Bagley, and Nee[2021] investigate the impact of monetary policy inter- ventions using Bloomberg’s aggregate municipal yield curve, while we use bond trading atInvestors Dive Into $4 Trillion Muni Bond Market, Boosting Trading Volume. Volume hit about 87,400 on Nov. 1, surpassing last year’s high. Yields and lack of supply have been boosting activity...Andrii Dodonov. By Jennifer Johnston, Director of Municipal Bond Research, Franklin Templeton Fixed Income. While 2023 has started on shaky ground for the municipal bond market, there are reasons ...Feb 14, 2023. Municipal bond exchange-traded funds are pulling in record cash as Bloomberg TV reported on Monday citing Barclays data, with ETFs making up nearly 11% of total municipal fund assets ...The municipal corner of the market saw some volatility. The benchmark AAA municipal curve fell by ~10 basis points across the board. The ratio of municipal bond yields as a percentage of Treasury yields fell on this combination of moves and currently sits at ~66% at 10- years.

Dec 4, 2023 · A closer look at the muni-bond market. We remain optimistic about muni bonds going into 2024 and believe that there are opportunities to find value across the credit spectrum. Technicals have the potential to be constructive for the sector going forward. Uncertainty around the Fed’s policy rate path and the US economy’s resilience kept ...

18 January 2023, London: The Principles of Responsible Investment (PRI) has released its second report on ESG investment approaches in the US$4trn US municipal (muni) bond market. This report, The thematic ESG approach in US municipal bonds, frames key issues when investors use muni bonds to finance projects tied to specific environmental or …

Jun. 2 2022, Published 11:22 a.m. ET. Source: Flickr. So far in 2022, municipal bonds, or muni bonds, have struggled to maintain popularity as the U.S. government raises federal interest rates ...The purpose of this article is to discuss the municipal ( (muni)) bond sector and how attractive it is as an investment opportunity at the moment. This is an area that I …The share of outstanding municipal bonds held by U.S. households fell to 40% in the first three months of the year from 46% in 2020, aggravating volatility in munis this year.Hiutin says muni bonds are historically very secure, noting since 1970, the 10-year cumulative default rate for investment-grade municipal bonds is 0.1%. Next: VanEck Vectors High Yield Municipal ...By Patricia Healy, CFA. The third quarter of the year was certainly eventful. The US government almost shut down twice and the US government bond rating was downgraded by Fitch to below AAA ...The Nuveen High Yield Municipal Bond Fund gives investors access to this particular segment of the market. As of September 27, 2023, the fund has assets totaling almost $17.05 billion invested in ... UBS Group AG is halting most of its municipal bond underwriting business, just a few years after it hired dozens of bankers in an attempt to rebuild its state and local government debt department.Find the latest iShares National Muni Bond ETF (MUB) stock quote, history, news and other vital information to help you with your stock trading and investing.Retail Buyers Spur Muni Trading Record, Biggest Rally Since 1982. A welder works on an overpass in Irving, Texas. Municipal-bond trading soared to an all-time high …Growing: In 2021, muni bond issuers raised US$45.9bn through use-of-proceeds labelled debt, in what was the third consecutive year of growth of at least 70% year-on-year (see Figure 3). As a proportion of total muni bond new issuance, it also increased to 9.7%, from 5.5% in 2020 and 3.2% in 2019.bonds.Fritsch, Bagley, and Nee[2021] investigate the impact of monetary policy inter- ventions using Bloomberg’s aggregate municipal yield curve, while we use bond trading atMay 13, 2022. Source: Bloomberg, 06:08. Eric Kazatsky, Senior US Municipals Strategist with Bloomberg Intelligence, discusses the latest news from the municipal bond market. Hosted by Paul Sweeney ...

A Top Muni Bond Fund Manager Gets Results. Debbie Carlson. August 9, 2023 6:40 am ET. The Baird Strategic Municipal Bond fund has beaten 97% of its peers over the past three years. Co-lead manager ... Rankings. U.S. News evaluated 275 Muni National Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.Eric Reed. January 12, 2023 at 9:00 AM · 7 min read. SmartAsset: Investing in Municipal Bonds During Rate Hikes. Municipal bonds, or “munis,” are popular investments for a few reasons. Most ...Instagram:https://instagram. m and t mortgagerealtek companygold cheaperangus deaton The latest municipal bond market news and insights delivered to your inbox weekly.The $4 trillion municipal bond market is poised for gains in 2023, a turnaround from losses in the prior two years. High Yield Muni Bonds Outperform…. Easing inflation and a soft landing for the U.S. economy has brought cheer to lower-rated municipal bonds. High yield municipal bonds delivered 7.75% returns last month, outperforming overall ... genisis xvwob etf Oct 19, 2023 · The municipal bonds that state and local governments sell to pay for unsexy-sounding infrastructure projects are offering their highest yields in more than a decade. New bond investors snapped up ... tmf etf price Investors poured about $20 billion more into equity funds than they did bonds last month. Biden Spending Plan Seen Jolting Muni Green-Bond Sales To Record.Municipal bonds have been a classic asset class for investors looking to pursue tax-advantaged income. With tax-equivalent yields that are now higher than taxable fixed income, rising muni bond yields may create opportunity for investors. We examine the case for munis now and the role they can play in portfolios.