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.Source: Moody's, U.S. Municipal Bond Defaults and Recoveries, 1970–2021 (April 2022), most recent data available. Why muni fundamentals look strong in 2023 State & local tax receipts fell 7% in 1H2023 vs. 1H2022, primarily driven by the inflated 2022 base as well as reduced capital gains due to weaker market performance.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.Oct 25, 2022 · (d) Muni bond issuers must still pay a premium over U.S. Treasury bond rates for debt maturing in 10 years or longer. That means their interest costs will likely exceed inflation over the longer term. Honorable Mentions: (1) Federated Premier Municipal Income Fund ( FMN), discount -13.95%, yield 4.00%. It appears they may have overcut a bit as coverage is now over 111%. UNII is back to zero and ...

July 26, 2023, 12:22 p.m. EDT 7 Min Read. There should be less concern over interest rates and inflation and more optimism over credit quality and returns in the second half of 2023, municipal ...

The iShares National Muni Bond ETF offers investors an unleveraged and multi-state exposure to generate tax-free income. As rate hikes started aggressively in 2022, leveraged options became less ...Oct 24, 2023 · Municipal-bond yields at the highest in more than a decade are spurring optimism on the part of investment managers, who have been dealing with persistent fund outflows this year as the market...

Feb 10, 2023 · The average intermediate-term national muni-bond fund offered an SEC yield of 3% as of Jan. 31. For investors who are married filing and jointly for 2022 taxes and who fall into the 24% tax ... Volatility has come roaring back in the municipal-bond market. The $4 trillion state and local-debt market just logged its most volatile 10-day period since the early 2020 selloff, according to ...It wasn't much, but muni bonds got a small reprieve during the holiday season, according to Federal Reserve data released Thursday. The total value of outstanding municipal debt edged upward to $3 ...The one-year muni was at 3.26% Friday — the highest it has been in 10 years — and the two-year was at 3.05%, according to Refinitiv MMD. The five-year was at 2.65% and the 10-year at 2.55% Friday.3. Tax-Related Factors. Higher taxes are another major factor in the growing demand for municipal bonds, whose interest payments are exempt from federal, state and local taxes. President Joe Biden ...

May 26, 2023 · A Utah city’s plan to issue about $15 million in bonds to fund a new parking structure has officials fixated on the fast-approaching deadline to raise the U.S. debt ceiling. The fear: A default ...

Well, good news: that particular fixed-income-shaped void in your life can finally be filled (if you’re a British taxpayer). ... Regardless, the point is that even though Muni bond yields trade ...

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.Outstanding bonds are those bonds that have been purchased by an investor and have not yet been paid back by the company to the investor. Any portion of bonds that are not yet paid back would be considered outstanding until they are paid in...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.How to prepare Wed, Aug 23rd 2023 Fed Notes 15 years of low interest rates reshaped the U.S. economy. Here’s what’s coming next Wed, Jul 26th 2023 The Exchange Now is …Today, stories about families from all walks of life — and of numerous compositions — are more accessible than ever before. One of the most significant familial bonds, for many of us, is the bond between siblings — or friends we consider cl...So far this year, people who own municipal bond mutual funds and exchange-traded funds have seen the value of their investments sink. As of June 30, the S&P Municipal Bond Index had lost about 8.4 ...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 ...

The Bloomberg High Yield Municipal Bond Index measures the non-investment grade and non-rated U.S. tax-exempt bond market. It is an unmanaged index made up of dollar-denominated, fixed-rate municipal securities that are rated Ba1/BB+/BB+ or below or non-rated and that meet specified maturity, liquidity, and quality requirements.Mar 7, 2023 · In fact, in many cases, we have actually seen a peak in terms of muni bond credit quality, and many municipalities are actually stronger today than they were prior to COVID-19. Hopefully, state ... The good news: municipal bond funds have actually ... Passive muni bond ladders may also take a while to show investors any meaningful benefits. With actively managed municipal bond funds, on the other hand, managers have the flexibility to shift portfolio holdings among higher-quality municipal bonds, taxable bonds and municipal credit as ...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."Get the latest iShares National Muni Bond ETF (MUB) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

١٠‏/١١‏/٢٠٢٢ ... (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For ...April 18, 2023, 4:26 p.m. EDT 7 Min Read. Municipals sold off Tuesday with secondary trading showing weaker prints across the curve leading to up to 20 basis point cuts to scales with the largest ...

Oct 9, 2023 · Ten-year AAA muni yields also rose during September by 38 basis points, after rising 40 basis points in the first two months of the quarter – not so much from bond fund liquidations (which have ... The iShares National Muni Bond ETF offers investors an unleveraged and multi-state exposure to generate tax-free income. As rate hikes started aggressively in 2022, leveraged options became less ...(d) Muni bond issuers must still pay a premium over U.S. Treasury bond rates for debt maturing in 10 years or longer. That means their interest costs will likely exceed inflation over the longer term.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 US MUNICIPAL BOND MARKET 5758 5 Momentum is building for investors in US municipal bonds (munis) to incorporate environmental, social and governance (ESG) factors systematically in their analysis and valuations. As with other fixed income sub-asset classes, ESG factors have traditionally been integrated in muni bond valuations to an extent.Rob Amodeo, Western Asset Management's head of municipals, discusses using surveillance technology for insights into the municipal bond market on "Bloomberg Markets: The Close." (Source: Bloomberg)First Republic Bank's tumbling share price has left muni bond holders worried about the bank’s large stockpile of state and local government debt. The bank was downgraded to “junk” by S&P ...Jun 17, 2021 · The yield on an in-state bond would need to be at least 93% as high as the yield of a comparable out-of-state bond. This example assumes that your income is high enough to have fully phased out ...

In 2022, the Bloomberg Municipal Bond Index tanked 8.53%. Allspring Municipal Bond Fund's 8.40% tumble still lost money, but beat the index by 2%. Year to date, WMBIX is up 0.82% vs. the 0.53% ...

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 ...

Municipal bonds (munis) are debt obligations issued by government entities. When you buy a municipal bond, you are loaning money to the issuer in exchange for a ...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 …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 ... Nov 24, 2023 · Muni Bond Performance Since 12/22 - State and Local Bonds (Yahoo Finance) What I am trying to convey here is that there are market environments where munis will perform relatively poorly. 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 …Data as of Sept. 30, 2023. For example, if you’re in the 32% tax bracket and own a municipal-bond fund with a nominal yield of 3.27%, you’d have to earn more than a 4.81% yield, or 3.27 ...jessica-lerner-bb8018224. May 17, 2023, 3:53 p.m. EDT 6 Min Read. Short-term munis sold off Wednesday, as triple-A benchmarks rose in sympathy with U.S. Treasuries. Equities rallied. Muni yields ...What Are Municipal Bonds? A municipal bond, or "muni," is a fixed-income security that pays a specified amount of interest and returns the principal to the holder on a specific maturity date. Most ...٠٣‏/١١‏/٢٠٢٣ ... Chief Executive Officer Jane Fraser is weighing whether to shutter Citigroup Inc.'s municipal-bond trading and origination business, ...

Oct 11, 2023 · Closed-end municipal-bond funds have been particularly hard-hit because they often use borrowed money to invest in fixed-rate, long-term bonds sold by state and local governments. The leverage ... Launched today, March 9, VTES tracks the S&P 0-7 Year AMT-Free Muni Bond Index and predominantly invests in short-term investment-grade municipal bonds. With an expense ratio of just 0.07%, it’s ...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 ...Instagram:https://instagram. birkenstock barbiewhat is the average property management feewhat is the best paying dividend stockprimeerica 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 ...Oct 25, 2022 · (d) Muni bond issuers must still pay a premium over U.S. Treasury bond rates for debt maturing in 10 years or longer. That means their interest costs will likely exceed inflation over the longer term. afml stockhenry fisker Read the GMS GROUP municipal bond market weekly news and stay informed with the latest information in the municipal bond market.For the week ending Wednesday, outflows lessened as Refinitiv Lipper reported $91.713 million was pulled from municipal bond mutual funds after $194.097 million of outflows the week prior. emerging ai job that pays six figures The Bloomberg muni index is now up nearly 3% for the year, a rebound from a loss of 2.2% at the end of October. Benchmark yields for muni bonds due in 10 years reached below 2.74% Wednesday, the ...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.