Muni bond news.

١٦‏/١٠‏/٢٠٢٣ ... Muni bond ETFs gathered $6.3 billion in the first nine months of 2023 ... For more news, information, and analysis, visit VettaFi | ETF Trends.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 ...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 ...Personal Finance Ready to buy muni bonds again? Consider this hidden tax before piling in Published Fri, Jun 3 202211:28 AM EDT Kate Dore, CFP® Share Key …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.

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 ...As autumn gets underway, average municipal yields are at their highest levels in 10 years. It’s a high-quality asset class (more than 85% of the market is rated A or higher, according to our analysis of market data) with a strong fundamental risk profile, particularly compared with corporate bonds.

By the time Miller turned to the agency, it had already rubber-stamped dozens of bond-sales applications. In fact, from the time the agency was established in 2016 through June of last year, borrowers had raised over $8 billion selling conduit bonds using the agency’s name to finance 124 projects, according to the state audit.

Outperformance at risk in $4tn US muni bond market. Debt sold by state and local governments has avoided worst of fixed-income sell-off. Save. June 8 2022. FT News Briefing podcast 10 min listen.If you’ve ever worked in construction or on a real estate development project, chances are you’ve heard the term “performance bond” before. If you haven’t, the lingo might be completely new.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.Prices fell across the board as benchmark yields on top-rated municipal bonds jumped as much as 16 basis points in trading on Thursday, according to Bloomberg pricing data. The 10-year yield now ...

The good news: municipal bond funds have actually rebounded surprisingly quickly from sharp interest rate increases, thanks to the power of higher yields and time. Higher inflation is making the headlines today, so clients may be looking for ways to protect their interests in inflationary environments .

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 ...

Mar 29, 2023 · Higher yields: The benchmark iShares National Muni Bond ETF (MUB) yields just 2%. Better to go with CEFs, where yields of 4%, 5% and up are common—driving taxable-equivalent yields of 7% or more ... 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 ...May 13, 2022. Eric Kazatsky, Senior US Municipals Strategist with Bloomberg Intelligence, discusses the latest news from the municipal bond market. Hosted by Paul Sweeney and Matt Miller.Jul 15, 2022 · 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 ... Sep 21, 2023 · The lack of interest from mom-and-pop buyers has been a challenge to boosting performance in the $4 trillion municipal-bond market, where investment-grade debt has returned a measly 1%, according ... The muni yield curve is an important indicator of the health of the municipal bond market and the broader economy. The muni yield curve has recently become inverted in the short end, meaning that ...

Debt sales from California-based municipal-bond issuers are down about 35% to approximately $37 billion year-over-year in 2022, over two times more than the broader US muni market’s 15% decline ...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 ...The “fiscal justice” investing strategies they’re developing subvert the existing municipal bond market and use it to alleviate some of the inequities in American society. Related Outside ...Jun 28, 2022 · 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. 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 ...٠٤‏/١٠‏/٢٠٢٣ ... Municipalities pay a premium to attract investors, making muni bonds a relative bargain for investors. ... For the News Media · UCLA Anderson ...

٠٣‏/١١‏/٢٠٢٣ ... Chief Executive Officer Jane Fraser is weighing whether to shutter Citigroup Inc.'s municipal-bond trading and origination business, ...Municipal bond investors have taken it on the chin this year: Muni bonds were down 12.13% through Sept. 30, New York Life reports. Taken in stride, though, that seems consistent with investors ...

Despite the worst market rout in 40 years, investors plowed a record $27.8 billion into municipal-bond ETFs this year, a striking contrast to open-end funds which …Easily connect with top dealers, institutional investors, and retail wealth management through efficient tools which provide the flexibility, scale, ...September 29, 2023 at 9:46 AM PDT. US state and local debt is headed for its worst month in a year, with the Federal Reserve’s hawkish pause sending yields soaring and erasing gains from the ...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 ...Municipal yields were steady while UST yields rose eight to 10 basis points across the curve. Ratios fell slightly as a result. ... Serial bonds 2024 to 2035, with terms in 2038, 2043, 2047, 2053 ...MarketWatch Municipal bonds offer fantastic yields, especially in these four high-tax states Provided by Dow Jones Oct 30, 2023 10:26 AM PDT By Philip van Doorn …Buy ‘fallen angels’ in the U.S. bond market, BNP Paribas says. Money market funds are yielding north of 5%. Here’s when it may pay to look elsewhere. Municipal bonds purchased at a sharp ...

Mar 31, 2021 · Seven things to know about tax-free municipal bonds. Muni bonds can be taxable and tax-exempt. There are two types of muni bonds. Muni bond yields are higher than U.S. Treasurys. Muni bonds have ...

Municipal Bonds News Service from EIN News. Global Investing Today. Questions? +1 (202) 335-3939. Set Up FREE Account ... German American Bancorp Inc. cut its position in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and …

Municipal Bonds , US fixed income July 28, 2023 Insight Investment senior portfolio manager for municipal bonds, Thomas Casey, reflects on the challenges and rewards of working in investment management, the growing appeal of the ‘muni’ bonds market and the many factors influencing its wider growth and evolution.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 ...٠٣‏/١١‏/٢٠٢٣ ... SIFMA Research tracks issuance, trading, and outstanding data for the U.S. municipal bond market. ... news on the capital markets. Subscribe.The go-to muni-bond index fund, the iShares National Muni Bond ETF (MUB), for example, yields just 2.5% today. Finally, investors have been slow to pick up on the coming “rates-down-bonds-up ...The 10-year U.S. treasury edged past 4.5% several times lately. Agreed, muni bonds are costly now. Municipal-Treasury 10-year ratio is hovering around 62%, much lower than the historical standard ...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 ...Municipal Bond Fund ; Investment Objective, Current income ; CUSIP, 27827X101 ; Management Fees, 1.02 ; Other Expenses, 0.07 ; Total Expenses (ex Interest and Fee ...Mar 9, 2023 · March 09, 2023, 4:41 p.m. EST 8 Min Read. Municipals were firmer on the front end of the curve as more billion-dollar deals priced, while Treasuries rallied hard inside 10 years and equities sold ... ٠٣‏/١١‏/٢٠٢٣ ... Chief Executive Officer Jane Fraser is weighing whether to shutter Citigroup Inc.'s municipal-bond trading and origination business, ...

The Indianapolis Local Public Improvement Bond Bank (A1//A/) is set to price Thursday $215.765 million of Indianapolis Airport Authority Project bonds, consisting of $70.025 million of non-AMT ...This year to late May, investors pulled $57bn out of municipal mutual bond funds, according to EPFR data. The sell-off drove returns in the first quarter to negative 6.2 per cent, as measured by ...A municipal bond is a type of bond issued by a local or state government to raise money for major capital projects. The purpose of these types of bonds is to generate money to build hospitals, schools, bridges, roads, sewer systems, prisons and much more. Local governments pay interest on a municipal bond to the bondholder, usually every 6 months. Instagram:https://instagram. anthony butlerretired army dental insurancebest sp index fundaurozon Indeed, the biggest risk for muni bond CEFs is really the spread between shorter-term interest rates and longer-term rates since these funds are highly leveraged and use shorter-term swap rates to ... handyman certification course onlineamd buy or sell In addition to noting that the muni sector remained resilient and strongly liquid in 2022, the report continued to affirm two hallmark benefits muni bonds offer. First, defaults and bankruptcies remain rare overall: just one in 2022. Second, municipal credits continue to be highly rated compared to corporates, and, indeed, in 2022, in general ...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. innovation refund reviews Muni ETFs Become A Force. February 13th, 2023, 11:57 AM PST. Bloomberg's Max Adler discusses Muni ETFs with Matt Miller and Katie Greifeld on "Bloomberg ETF IQ." (Source: Bloomberg)The deal, which is rated AA by S&P, and triple-A by both Fitch and Kroll Bond Rating Agency, consists of $510.2 million of Series A-1 bonds structured as serials from 2025-2030, 2032-2033, 2035 ...