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home / news releases / municipals deliver strength ahead of seasonal shift

FMNY - Municipals Deliver Strength Ahead Of Seasonal Shift

First Trust New York Municipal High Income ETF

2024-03-18 14:45:00 ET

Summary

  • Municipals posted positive performance and outperformed comparable Treasuries in February.
  • We expect supply-and-demand dynamics to turn less supportive in the coming months.
  • After patience to start the year, we would view any material backup as an opportunity to buy.

Market overview

For further details see:

Municipals Deliver Strength Ahead Of Seasonal Shift
Stock Information
Company Name: First Trust New York Municipal High Income ETF
Stock Symbol: FMNY
Market: NYSE
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