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While they may have become more common over the last 10 years, municipal defaults and bankruptcies still remain rare overall. The five-year all-rated cumulative default rate of municipal bonds throughout the study period (1970-2020) was unchanged at 0.08% and still remains very low. ...
The option-adjusted-spread ((OAS)) on the investment grade or high-grade corporate bond index, is presently about 95-100 bps better than the equivalent Treasury. As of last Friday, August 27th, 2021, the BBB OAS was yielding about 104 bp’s over equivalent Treasuries, which shou...
Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...
The muni bond market is complex, fragmented and in a constant state of change. It has more than one million individual bond issues outstanding, representing more than 50,000 distinct issuers. One of the biggest challenges facing investors today is finding the right bonds to buil...
The intensity of the income need only grows as investors move closer to - and enter - their retirement years. While diversified credit portfolios offer benefits, the potential drawdowns could be too much for some investors’ risk tolerances. For tax-sensitive investors, the ...
We think all muni managers should stand ready to provide specific examples of how they’ve improved client outcomes using built or bought technology. Finding bonds is only half the battle - they also have to be priced appropriately and fit each client’s specifications. ...
Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...
During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...
Tax-exempt municipal bond funds (including both conventional funds and ETFs) have recorded 19 straight weeks of estimated net inflows. Money market funds attracted $23.6 billion over that Lipper fund-flows week, and the VIX ended at 28.43 (currently around 17.01)-safe to say uncertain...
During the first half of the year, municipal bonds (munis) shrugged off the rise in long-term U.S. interest rates and crushed their taxable counterparts. Looking at fundamental credit strength, state tax receipts are much better than were estimated a year ago. Municipal bonds are ...
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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...