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As the COVID-19 pandemic evolved during the first quarter, the municipal bond market experienced one of its most volatile periods in years. Here, the Franklin Municipal Bond Department shares how they plan to navigate the market, which they think is likely to show signs of distress and elevat...
Senate Majority leader Mitch McConnell (R-KY), in comments Monday, said he ultimately expects the Congress to approve aid for states and cities impacted by coronavirus spending, clarifying that his comments last week suggesting bankruptcy for states was just "an option" being evaluate...
The central bank will now purchase the paper of counties with at least 500K residents, and cities with at least 250K residents (the previous cutoffs were 2M and 1M, respectively). This will allow for up to 261 state, city, and county issuers, up from just 76 previously. More news on: iS...
"Here Comes Tonto" I am older than most of you. Not all of you, of course, but most of you. I have memories of Gene Autrey, and Roy Rogers, and "A fiery horse with the speed of light, a cloud of dust and a hearty, 'Hi Ho Silver!' The Lone Ranger!" Some of you will not even know who I am ta...
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The next D.C. bailout battle (the so-called "Phase 4") continues over when and how much to send to states and municipalities. More news on: iShares National Muni Bond ETF, Nuveen AMT-Free Municipal Credit Income Fund, Nuveen AMT-Free Quality Municipal Income Fund, News on the U.S. economy,...
By John Ceffalio Tough times are ahead for municipal bond issuers. The recession—sparked by the coronavirus-led shutdown of the US economy—will temporarily reduce most tax and fee revenues pledged to bondholders. Continuing negative headlines will also drive issuer ratings d...
The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...
(The following is our weekly commentary published each Sunday evening to our members. This is from April 12th, 2020) Macro Picture Stocks again recorded one of their best weekly gains on record as investors saw encouraging trends in the virus spread data. The flattening of the curve is...
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...
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Pimco Municipal Income Fund II of Beneficial Interest Company Name:
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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...