RVNU News and Press, Xtrackers Municipal Infrastructure Revenue Bond From 03/07/23

2023-03-07 09:09:00 ET Summary As we reflect on the disappointing performance of municipal bonds in 2022 and even so far in 2023, the fundamentals really have not been a driving force. Inflation not only hits consumers, it hits governments too. Wage inflation has created challenge...

Summary Municipal bonds posted historically strong total returns in January, amid rallying interest rates. Light issuance and improved demand spurred outperformance versus comparable Treasuries. Waning seasonal tailwinds and potential for added volatility warrant some near-term caut...

Summary According to Bloomberg News this week, the State of Florida is proposing legislation that will prohibit the use of ESG factors by state and local governments when issuing bonds. Issuers depend on the ratings they receive from the rating agencies to sell bonds in the capital mark...

Summary Municipal bond investors worry about the impact of a potential recession on the financial health of individual states. With states more prone to banking than spending their growing coffers, rainy-day funds hit a record $134.5 billion in 2022. States—especially those d...

Summary We knew that California would announce a budget deficit. California’s credit ratings incorporate the tax volatility it faces, so as long as the state employs a diverse approach to addressing any deficits, we don’t expect any ratings actions at this time. A slow...

Summary While 2022 was one of the toughest years ever for markets, the final quarter provided some relief. Major central banks, including the Fed, European Central Bank, and Bank of England, continue to wrestle with stubbornly high inflation rates. There's much disagreement about wh...

Summary Daryl Clements: No one expected, not even the Fed, the amount of increases that they put through, but nevertheless, that’s what happened. Daryl Clements: The broad municipal benchmark had a yield of 1.11 at the beginning of 2022, end of the year at 3.55. In fact, it was o...

Summary There’s a lot going for the municipal market as we head into 2023. The current supply/demand imbalance benefits municipal bond investors. Buying opportunities exist across the municipal market - especially in those areas that sold off the most in 2022, such as longer-...

Summary When rates increase, prices decline: the broad muni market, as measured by the Bloomberg Muni Bond Index, fell −8.53%. While we expect 2023 to be a bounce back year, we don’t foresee the historical 13% average bounce back that has occurred after past negative retur...

Summary Active fixed-income ETFs allow portfolio managers to stay nimble and avoid sectors and parts of the credit spectrum that might encounter increased stress. There are now a growing number of dividend ETFs that are focused on yield and offer responsiveness to evolving sector dynami...