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home / news releases / FMNY - 2024 Mid-Year Update: Are Municipal Bonds On The Road To Recovery?

FMNY - 2024 Mid-Year Update: Are Municipal Bonds On The Road To Recovery?

First Trust New York Municipal High Income ETF

2024-08-01 07:35:00 ET

Summary

  • Muni bonds underperformed in the first half of 2024 due to robust economic conditions and increased supply, but strong credit fundamentals and potential rate cuts could improve performance later.
  • Through the first half of this year, municipal bonds fell short of projected performance expectations.
  • We ask if our outlook has changed for the remainder of the year, to provide some context for our outlook for the second half of 2024.

Muni bonds underperformed in the first half of 2024 due to robust economic conditions and increased supply, but strong credit fundamentals and potential rate cuts could improve performance later....

For further details see:

2024 Mid-Year Update: Are Municipal Bonds On The Road To Recovery?

Stock Information
Company Name: First Trust New York Municipal High Income ETF
Stock Symbol: FMNY
Market: NYSE
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