PML News and Press, Pimco Municipal Income Fund II of Beneficial Interest From 11/19/20

Many of the policies that a president will ultimately decide can be impactful. For example, tax policy, which could impact a state or local government's ability to raise their own taxes and impact demographics. But another impact is that it can also increase the attractiveness of munis as...

The media has been rife with headlines foretelling revenue shortfalls and a cash crisis for battered state budgets. We look under the hood to better assess the status of the headline-grabbing states with the largest debt burdens. Bond investors are right to be concerned. For...

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106...

Rising interest rates pressured bond prices in October. Record-high monthly issuance was well absorbed amid strong demand. We expect a favorable supply-demand backdrop through year end. For further details see: Munis Overcome A Glut Of Issuance

The White House is still not decided. This was "prime time" for the blue wave conversations entering the bond market. Municipal bonds aren't hurt as much as they are not helped. A second stimulus bill that would include additional aid for state and local governments will be ha...

PML has seen a double-digit loss since January, even after accounting for distributions. While the fund is noticeably cheaper than it was at the start of the year, it still sports a double-digit premium. This seems too expensive for our current environment. Municipal bonds should ...

In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments. Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large ...

While most polls have Vice-President Biden ahead by 6-7% points, we know the race has the potential to be much closer. A higher marginal rate should also flatten the muni yield curve over time as the demand for longer-dated paper increases because of the benefits it provides on a taxa...

PIMCO Municipal Income Fund II (PML) declares $0.059/share monthly dividend, in line with previous.Forward yield 5.21%Payable Nov. 2; for shareholders of record Oct. 13; ex-div Oct. 9.See PML Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: PIMCO Municipa...

It seems that again the UNII report was affected by the fall in the US dollar which further reduced coverage ratios. So far in September, the dollar is up moderately, indicating that a rebound in coverage ratios is highly probable. PIMCO muni CEFs are for the first time in a long ...