MUST News and Press, Columbia Multi-Sector Municipal Income From 07/22/23

2023-07-22 03:05:00 ET Summary Overall muni markets are off to a pretty strong start, returning 2.7% roughly year to date. As the Fed continues to enter into the late stages of their tightening cycle, how should investors think about duration positioning in today’s environm...

2023-07-15 03:35:00 ET Summary In a slowing economy, municipal bonds may be an attractive investment for the 3 reasons outlined. Municipal bonds tend to have higher credit ratings compared to corporate bonds. Most state and local governments have benefited from strong fiscal c...

2023-07-13 03:10:00 ET Summary With the highest yields in years, the muni bond market looks increasingly attractive. After the worst showing in four decades in 2022, the muni market regained some ground in 2023. There was some chop along the way, but the Bloomberg Municipal Bo...

2023-07-12 06:00:00 ET Summary Municipal bonds posted positive absolute and relative performance in June. Modest primary and secondary supply was outpaced by improved demand. While July has historically been a top-performing month, we maintain some near-term caution. ...

2023-07-07 19:30:00 ET Summary Look around, look almost anywhere, and the economic data is getting painful. You can start with the monthly ADP report. The ADP report stated that 497,000 new jobs were created in June. This was far past expectations, with the consensus view being ar...

2023-06-30 21:30:00 ET Summary Treasury yields continued to be extremely volatile during the second quarter as market participants digested economic data and tried to time the end of the Fed hiking cycle. The net result of interest rate movements during the quarter was higher yiel...

2023-06-30 09:45:00 ET Summary The municipal market has been able to post positive performance thus far in 2023 despite negative net mutual fund flows. Negative fund flows have been manageable as issuance has remained muted, and flows are expected to turn as funds from coupons and...

2023-06-27 00:42:00 ET Summary Banks are still facing pressure to up deposit rates, and clients have certainly been taking funds from banks with low interest rates on deposits to higher-yielding money market funds. It is perplexing to see a Fed that continued to support the housin...

2023-06-13 01:00:00 ET Summary Munis posted negative total returns but outperformed comparable Treasuries in May. Bank portfolio liquidations have been less disruptive than initially feared. Better valuations and improving supply-and-demand dynamics should spur summer strength...

2023-06-03 04:00:00 ET Summary Five months into 2023 and investors are still questioning the Federal Reserve’s position on how high they will bring interest rates to fight persistent inflation. The Fed meeting was the beginning of a volatile month as indices fell after the ...