PML News and Press, Pimco Municipal Income Fund II of Beneficial Interest From 03/23/20

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 ...

Is now the time to buy? For the last year or so we have attempted to invest conservatively, focusing on U.S. Treasury and Agency securities, as well as very high credit quality securities in corporate bonds and asset-backed securities. We tried to stay on the sidelines of risk as much as ...

By Sheila Amoroso, Senior Vice President, Director, Municipal Bond Department, Franklin Templeton Fixed Income; Christopher Sperry, CFA, Vice President, Portfolio Manager, Franklin Templeton Fixed Income; Daniel Workman, CFA, Vice President, Portfolio Manager, Franklin Templeton Fixed Income;...

(This article was published to members of Yield Hunting on March 12th. All data herein is from that date. We have recently updated this analysis for members.) The down move in the markets definitely shows how funds are positioned and how they will react to a 'liquidity crisis'. The data he...

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Author's note: This article was initially released to CEF/ETF Income Laboratory members on February 10, 2020. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus...

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In our 2020 outlook, we highlighted munis as an area that we would focus our attention on. For one, the technical backdrop of the environment still is highly favorable for owning them. In other words, the skewed supply and demand due to the SALT (state and local tax) cap and the removal of the...

Author's note: Data in this report are from January 31, 2020. Please check latest data before making investment decisions. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, a...