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Treasury Secretary Steven Mnuchin told House Democrats that the government will announce soon a municipal funding facility and a mainstream funding facility for organizations with up to 10K employees, Bloomberg reports, citing a person familiar with the matter. More news on: iShares Nation...
Passing the CARES Act and enabling the Fed to buy municipal bonds are two steps toward a robust response to COVID-19 and its adverse economic impact. Skanda Amarnath is the Director of Research and Analysis at Employ America, Yakov Feygin is the Associate Director of the Future of Capitalis...
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...
Perhaps the most inquiries received in the last week has to do with the PIMCO "twins". PIMCO Dynamic Income ( PDI ) and PIMCO Dynamic Credit and Mortgage ( PCI ) . Is the distribution safe? Will they have to force de-leverage through margin calls? I will attempt to answer that. But the sh...
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2024-07-23 22:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-12 09:00:26 ET Pimco Municipal Income Fund II (PML) declaring a stock dividend of $0.0395 per share on Ex-Date : June 13, 2024. Shareholders on record as of June 13, 2024 are eligible for the dividend. The payment date is scheduled for July 01, 2024, and the declaration was ...
2024-06-02 08:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...