FSMB News and Press, First Trust Short Duration Managed Municipal

2024-07-18 09:35:00 ET Summary The credit cycle does not yet seem to have turned; at worst, it is mixed. On the muni front, governments and agencies are determined to maintain strong fund balances or reserves and are cutting costs or raising taxes to have balanced operations in th...

2024-07-11 03:00:00 ET Summary Between 2008-2022, the U.S. population grew by 10%, an increase of 30 million people. The population increase over the 15-year period occurred exclusively in the 55-and-older age brackets. Over this period, the U.S. median age increased by 2 years to...

2024-07-11 01:50:00 ET Summary After a bumpy first half of 2024, the municipal bond market is starting to enjoy favorable tailwinds. Municipal bond yields are among the highest levels they’ve been since 2011 and currently offer a 6.3% tax-equivalent yield, based on the top ...

2024-06-30 13:20:00 ET Summary The first part of the quarter saw a continual rise in overall yields that started at the beginning of the year. Towards the end of April we started to get some more bond-friendly data. What are we doing and why are we doing it? By Joh...

2024-06-28 00:45:00 ET Summary During the second quarter of 2024, the Treasury market experienced heightened volatility as market participants tried to predict when the Federal Reserve would start cutting interest rates. The 10-year Treasury yield fluctuated between a high of 4.70...

2024-06-27 08:58:44 ET More on First Trust Short Duration Managed Municipal ETF Seeking Alpha’s Quant Rating on First Trust Short Duration Managed Municipal ETF Dividend scorecard for First Trust Short Duration Managed Municipal ETF Read the full article on ...

2024-06-19 09:15:00 ET Summary Muni bonds have historically provided attractive tax-equivalent yields and lower default rates than traditional investment-grade bonds. Within the muni market, mid-quality muni bonds have outperformed higher-quality muni bonds. The benefit in add...

2024-06-14 13:10:00 ET Summary We maintain a barbell yield curve strategy, but are cognizant that intermediate bonds present more value post-correction. Issuance remained robust and increasingly pressured the market late in the month. We have started to selectively add duratio...

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. Mu...

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 d...