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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...
Author's note: This article was released to CEF/ETF Income Laboratory members on March 16, 2020. 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, as well as to highlight rec...
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 ...
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;...
Original Post Editor's Note : The summary bullets for this article were chosen by Seeking Read more ...
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With Gail McGovern, president and CEO of the American Red Cross NORTHAMPTON, MA / ACCESSWIRE / June 28, 2024 / As we prepare for another busy hurricane season - expected to be one of the most active in years - Truist Foundation President Lynette Bell connects with American Red Cross Pres...
CHARLOTTE, NC / ACCESSWIRE / June 24, 2024 / Truist Latest round of funding supports 11 nonprofit organizations nationwide Truist Foundation announced philanthropic funding for 11 nonprofit organizations working to pilot emerging solutions or scale existing successful initiatives into ne...
NORTHAMPTON, MA / ACCESSWIRE / June 14, 2024 / This quarterly newsletter showcases how Truist Foundation supports Truist Financial Corporation's purpose to inspire and build better lives and communities through strategic investments in a wide variety of nonprofit organizations centered around tw...