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FMNY - U.S. Municipal Bond Quarterly Market Recap And Outlook
First Trust New York Municipal High Income ETF
2024-05-14 12:30:00 ET
Summary
Investment grade municipal bonds returned -0.39% for the first quarter of 2024.
High yield municipal bonds posted a gain of 1.51%, benefiting from investors’ appetite for yield.
Municipal bonds outperformed many other fixed income assets during the quarter, including US Treasury securities and investment grade corporate bonds.
By Stephanie Larosiliere, Head of Municipal Business Strategies and Development, & Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income ...