BSMT News and Press, Invesco BulletShares 2029 Municipal Bond ETF From 07/28/22

At the end of April, Moody’s Investors Service released its annual municipal bond market snapshot, US municipal bond defaults, and recoveries, 1970-2021, with updates through 2021. Even though the average five-year municipal default rate since 2012 has been 0.1%, compared to 0....

This has been a historical year in fixed income, and municipals are no exception. Yields rose dramatically this year in anticipation of Fed moves, as the market is trying to get ahead of the Fed as the Fed is trying to tame inflation. The largest reason being outflows in the municipal...

This quarter we discuss implications for munis from investment-market declines, inflation, and a potential recession. A recession that necessitates cost cutting could see muni managers choosing between social programs or annual payments into a pension fund and raising taxes and other ...

As we enter the second half of 2022, predictions of a possible recession range widely as the key drivers of inflation shift from goods to commodities and services, notably housing. For bond investors, the sharp rise in the rate landscape has had an outsize impact across the board, wit...

Invesco BulletShares 2029 Municipal Bond ETF ( BSMT ) - $0.0339 . 30-Day SEC Yield of 3.00% as of July 15. Payable Jul 22; for shareholders of record Jul 19; ex-div Jul 18. For further details see: Invesco BulletShares 2029 Municipal Bond ETF declares monthly dis...

Municipals bucked their seasonal trend and posted negative total returns in June. Favorable supply dynamics were outweighed by robust outflows. Despite attractive valuations, near-term performance will likely be driven by interest rates. By Peter Hayes, James Schwartz, &am...

Historically, a spike in municipal bond yields has been followed by a period of strong performance, regardless of interest rate policy. Rising rates resulting in widening yield spreads have been short-lived. Despite the prospect of additional Fed action to push short rates higher,...

The Fed is raising rates faster than initially expected, and the US muni market is in the midst of one of the largest outflow cycles ever. Sharp outflow cycles have historically signaled buying opportunities. As the pace of monetary policy tightening has increased, recession probabili...

Invesco BulletShares 2029 Municipal Bond ETF (BSMT) - $0.0331. 30-Day SEC Yield of 3.09% as of June 17. Payable June 30; for shareholders of record June 22; ex-div June 21. For further details see: Invesco BulletShares 2029 Municipal Bond ETF declares monthly distribution of $0.0331

Municipal bond funds have struggled so far in 2022, witnessing record outflows through the Lipper fund flows week ended Wednesday, June 15, and posting an average year-to-date market loss of 9.98%. Year to date, municipal debt funds handed back a net $72.5 billion, eclipsing the full-...