Muni bond news.

A municipal bond is a type of debt security issued by states, cities, counties and other government entities as a way of funding public projects: schools, parks, sewer systems, public transportation, hospitals and the like. When you buy municipal bonds, you act as a creditor, lending money to a municipality. You get paid back for your initial ...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.Here are seven of the best tax-free municipal bond funds to buy in 2023: Fund. Expense ratio. Vanguard Tax-Exempt Bond Index Fund Admiral Shares (ticker: VTEAX) 0.09%. Vanguard Short-Term Tax ...Real-time data on all CUSIPs, the latest muni bond news, the ins and outs of bond investing and track your municipal bond portfolio at the Premier site for Municpal bond …

Munis in Focus: 2022 Municipal Market Update. Their track record in periods of rising interest rates suggests municipal bonds could be well-positioned for this year’s market environment. By David Hammer …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 ...According to the AP Municipal Bond index, the 10-year muni yield was 2.810 percent as of 5 p.m. Eastern time Friday. Just a month earlier, it was 2.051 percent.

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.(Bloomberg) -- Investors are rushing into the $4 trillion municipal bond market to take advantage of bargain prices. Most Read from Bloomberg. Hamas Mastermind Who Tricked Israel Is Top Target in ...

Sep 30, 2023 · Share Class Type Institutional. Category Muni National Interm. Credit Quality / Interest Rate Sensitivity Medium / Moderate. Min. Initial Investment 10,000. Status Open. TTM Yield 3.28%. Effective ... To re-cap, this has been a reason for the poor muni performance - rising yields have pummeled the prices for fixed-income bonds. But the good news is that yields have neared their 5-year high ...What makes muni bonds attractive, though, is that they are tax-free. For an investor in the 37% top marginal tax bracket, a 2.92% average yield to maturity on MUB is a tax-equivalent yield of 4.63%.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.(Bloomberg) -- Investors are rushing into the $4 trillion municipal bond market to take advantage of bargain prices. Most Read from Bloomberg. Hamas Mastermind Who Tricked Israel Is Top Target in ...

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.

Refinitiv Lipper reported $798.474 million was pulled from municipal bond mutual funds in the week ending Wednesday after $407.976 million of inflows into the funds the previous week.

The BlackRock High Yield Muni Income Bond ETF (HYMU) is an exchange-traded fund that is based on the BBG Barc Custom Blend index. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. HYMU was launched on Mar 16, 2021 and is managed by …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 ...Nashville-based investment manager is raising the technology bar in a historically sleepy market. Markets Media met with AllianceBernstein municipal bond team members at their office in Nashville on June 21, while the 2023 Fixed Income Leaders Summit was taking place nearby. The following discussion with Jim Switzer, head of …Jun 3, 2022 · The base amount for Medicare Part B premiums in 2022 is $170.10 per month, a 14.5% jump from 2021. However, the payments start to increase for joint filers with MAGI over $182,000 (single filers ... 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. 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.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 ...

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.October 10, 2023 at 11:47 AM PDT. Listen. 3:08. 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 ...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. 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 ...Dec 14, 2020 · Such transaction data and/or related information may not exist for all municipal securities and may not be required to be submitted to the MSRB for certain types of municipal securities transactions. The MSRB does not review transaction data submitted by submitters for accuracy, completeness or any other purpose, and does not warrant or ... 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.

Oct 27, 2023 · The new additions to Vanguard’s $229 billion municipal bond portfolio will expand the firm’s fixed income lineup. Its biggest muni-bond fund is the Vanguard Tax-Exempt Bond ETF (VTEB). The ...

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 ...Municipal bonds and the related exchange traded funds have been under pressure this year due to rising interest rates. However, there are examples of muni bond ETFs outperforming aggregate bond funds.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 ...Sep 30, 2023 · Share Class Type Institutional. Category Muni National Interm. Credit Quality / Interest Rate Sensitivity Medium / Moderate. Min. Initial Investment 10,000. Status Open. TTM Yield 3.28%. Effective ... Oct 30, 2023 · If the investor is in the 24% federal income-tax bracket, we can calculate the taxable-equivalent yield for the Chicago Midway bond by dividing its YTM of 4.63% by 1 less the tax rate. So 4.63% ... 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 ...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.

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 ...

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 ...

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 ...Municipal bonds are being left behind as other fixed-income sectors move to electronic trading. Only about 11% of muni bond trading volume was executed electronically in May, a share that hasn’t ...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 ...With the Federal Reserve rate increase earlier this month and expectations of more increases, municipal-bond prices have grown increasingly volatile, and the …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 ...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 ...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 ...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.Jun 13, 2022 · Bond, Muni Bond: Shaken, Not Stirred. For now, fed funds futures contracts are pricing in three consecutive rate hikes of 50 basis points at the June, July and September meetings and while a 75 basis point bump is not actively in our forecast, we could envision a more serious debate to consider such a move now that we have May CPI in hand.

VTEB targets investment-grade U.S. muni bonds by tracking the Standard & Poor’s National AMT-Free Municipal Bond Index. Its holdings have an average duration of 5.8 years. ... For more news ...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. 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.Instagram:https://instagram. msft buy or sellnxst tickeroption trading ideasbest place buy gold online 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 ... trading on phoneshorting vinfast 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. augc 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 ...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.