HYMB News and Press, SPDR Nuveen S&P High Yield Municipal Bond From 05/05/23

2023-05-05 02:45:00 ET Summary As bond yields rose in 2022, investors sought refuge in high-yield bank loans, whose floating coupons are often heralded as an antidote to rising rates. But with conditions shaping up differently in 2023, bank loans may face challenges. We think ...

2023-05-02 14:11:47 ET SPDR Nuveen S&P High Yield Municipal Bond ETF ( HYMB ) - $0.0847 . 30-Day SEC Yield of 4.62% as of Apr. 28. Payable May 05; for shareholders of record May 02; ex-div May 01. For further details see: SPDR Nuveen S&P High Yield Munici...

2023-04-30 07:04:00 ET Summary Fixed income has both historically served as a diversifier and provided protection during times of market turbulence. Investment-grade (IG) index duration was rising before the COVID-19 pandemic, but it has fallen from the peak of 8.45 years at the e...

2023-04-28 04:30:00 ET Summary Canadian corporates succumbed to heightened risk aversion in March, following the banking turmoil, before the swift US and Swiss central bank market interventions calmed markets. Both Canadian and US credit spreads widened during the risk-off episode...

2023-04-22 04:15:00 ET Summary Recent outperformance by large-cap growth stocks may reflect a rotation into long-duration assets as the economy weakens and the turn in the rates cycle approaches. We remain cautious on equities in general, however, given uncertainty about the laggi...

2023-04-21 02:55:00 ET Summary It was clearly a volatile quarter, but you wouldn’t know that from the end-of-quarter return. The broad muni index was up about 2.8%, but how we got there was a roller-coaster ride. But within volatility, there’s always opportunities if...

2023-04-20 14:07:00 ET Summary Our entire financial system revolves around credit. This includes the ability to access credit for new loans, and more importantly, the refinancing of existing loans. At the center of any credit contraction are the banks, for it is they who are the p...

2023-04-20 02:54:00 ET Summary Managers have become less bearish on credit spreads with ~40% expecting spreads to be range-bound in the next 12 months. Inflation and the prospect of recession are the major concerns among managers. At the time of the survey close on Feb. 15, pa...

2023-04-19 11:10:34 ET Summary The tax advantages of municipal bonds are undisputed. HYMB boosts this yield by venturing outside of investment grade. This hence offers one of the highest after-tax yields from a bond fund. Issued by the non-sovereign or local governin...

2023-04-19 03:09:00 ET Summary Aggressive monetary pressure finally saw meaningful impact in the first quarter, in the form of a bank liquidity crisis that required swift intervention by regulators to limit contagion. Markets reacted with volatility and, in anticipation of tighter...