MYF News and Press, Blackrock MuniYield Investment Fund From 04/21/20

By John Ceffalio Tough times are ahead for municipal bond issuers. The recession—sparked by the coronavirus-led shutdown of the US economy—will temporarily reduce most tax and fee revenues pledged to bondholders. Continuing negative headlines will also drive issuer ratings d...

Passing the CARES Act and enabling the Fed to buy municipal bonds are two steps toward a robust response to COVID-19 and its adverse economic impact. Skanda Amarnath is the Director of Research and Analysis at Employ America, Yakov Feygin is the Associate Director of the Future of Capitalis...

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Originally published March 26, 2020 I want to begin by saying that, despite the disquieting events of the past three weeks, the structure of municipal bond ETFs, which have proven to be both efficient and effective in the delivery of tax-free income, remains intact. Up to this point, neith...

By Mark Paris, Chief Investment Officer, Head of Municipal Strategies, Invesco Fixed Income The world was a different place only a few weeks ago. Municipal bond funds had experienced 60 straight weeks of inflows - a record streak totaling around $75 billion. 1 But fast forward to the ...

Until very recently municipal bonds were a very different experience, finishing 2019 with a 14-month run of positive net inflows 2 , equating $95 billion into open-end mutual funds and exchange traded funds. 2020 is also setting flow records, although from an outflow perspective, with Friday...

By John R. Mousseau, CFA The municipal bond market has suffered one of the most dramatic back-offs it has ever seen; and it was accomplished in about nine business days. The rise in yields has been dramatic and fierce and had lots of elements to it. This is a quick synopsis of some of the ...

Last week was a wild one in the municipal bond market. Investors withdrew some $12.2 billion, marking the end of more than a year of inflows that saw $130 billion enter the market. Yields spiked as traditional liquidity providers retreated and some mutual funds and ETFs became forced sellers. ...

By Michael Hendrix On Monday, the Federal Reserve went all-in to support America's shuttered economy. Among its most remarkable moves was its backstop of the $3.8 trillion municipal bond ("muni") market, a critical source of financing for states, counties, and municipalities. The Fed hop...

By Daryl Clements As the novel coronavirus pandemic wreaked havoc on the markets over the past month, municipal bonds initially benefited from the flight to safety that drove Treasury yields lower. But most recently, markets told a different story, as muni yields rose-and prices fell-more ...