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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...
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;...
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It is hard to believe that back in the early 1980s, a US 30-Year Treasury Bond offered an almost 20% yield. In the days when inflationary pressures were roaring, a $100,000 investment in a US Treasury bond paid the holder a coupon of $20,000 each year over the thirty-year life of the fixed inc...
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Eaton Vance Municipal Bond Fund II of Beneficial Interest $.01 Par Value Company Name:
EIV Stock Symbol:
NYSE Market:
BOSTON , March 25, 2019 /PRNewswire/ -- The merger of Eaton Vance Municipal Bond Fund II (NYSE American: EIV) into Eaton Vance Municipal Bond Fund (NYSE American: EIM) was completed at the close of the New York Stock Exchange on March 22, 2019 . The merger was based upon the Fund...
BOSTON , March 1, 2019 /PRNewswire/ -- Eaton Vance Municipal Bond Fund II (NYSE American: EIV) today announced the following final pre-merger distribution. As previously announced, EIV shareholders approved the Fund's merger into Eaton Vance Municipal Bond Fund (NYSE American: ...
BOSTON , March 1, 2019 /PRNewswire/ -- At a Special Meeting of Shareholders held on February 28, 2019 , shareholders of Eaton Vance Municipal Bond Fund II (NYSE American: EIV) approved the merger of EIV into Eaton Vance Municipal Bond Fund (NYSE American: EIM). The merger is ...