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FMNY - Is Now A Good Entry Point For Muni Bond Investors?
First Trust New York Municipal High Income ETF
2024-06-13 04:25:00 ET
Summary
Surprises in the consumer price index diminished rally expectations and turned muni bond market performance negative.
Historically, muni performance has tended to be positive in the summer, typically starting in May and lasting through August.
Municipal credits are in good shape, with federal pandemic aid and healthy tax collections strengthening balance sheets.
By Tim Spitz, Head of Municipal Business Strategy and Development | Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income ...