Interest rates were falling, the economy was strengthening, demand was high for bonds that pay tax-free income and supply was relatively low. Municipal bonds are producing less income than a year ago because their yields key off Treasury rates, and the yield on the 10-year Treasury note is below 2 percent. [...] the improved job market means most economists expect the Federal Reserve to raise short-term rates later this year. States, cities and other local governments are issuing bonds at a faster pace this year, and when the supply of anything increases, that can push prices lower. Just look at what's happening to oil, where a buildup in supplies has caused its price to more than halve since last summer. Governments are taking advantage of cheap borrowing costs to replace higher-cost debt and pay for new projects. Individual investors make up the bulk of the market for municipal bonds and they're pouring in billions of dollars each month. A larger workforce means higher collections of income taxes, sales taxes and other revenue. Managers have concerns about finances in some high-profile areas of the market, including Illinois and Puerto Rico, as well as bonds from government that are reliant on oil-related revenue.
Perfection Doesn't Last: Muni Bond Returns To Be More Muted
By STAN CHOE, AP Business Writer, San Antonio Express-News: Business
Thu, 03/26/2015 - 12:35pm
BING NEWS:
- iShares California Muni Bond ETF declares monthly distribution of $0.1341
Day SEC Yield of 3.34% as of Apr. 30. Payable May 07; for shareholders of record May 02; ex-div May 01. More on iShares Trust - iShares California Muni Bond ETF Seeking Alpha’s Quant Rating o ...
05/1/2024 - 11:23 pm | View Link - Muni Bond Sales Soar as Issuer Needs Exceed Worry on Fed
States and municipalities sold $142.8 billion in long-term municipal bonds during the first four months of 2024, the most in almost a decade, as the need to borrow outweighed concerns over higher ...
05/1/2024 - 5:37 am | View Link - Why This Top-Rated Muni-Bond Fund Is Betting Big on Puerto Rico
The Goldman Sachs Dynamic Municipal Bond fund has a knack for seizing opportunity in market dislocations, such as when Puerto Rico was emerging from bankruptcy in 2022 ...
04/30/2024 - 7:30 pm | View Link - Munis little changed; returns down, volume up
Municipals were little changed Monday ahead of several large deals and the final session of April, which is poised to close out with another month of negative returns for the asset class. U.S.
04/29/2024 - 9:00 am | View Link - 7 of the Best Tax-Free Municipal Bond Funds
“For example, a high-yield municipal bond fund may provide more income and/or total returns but may carry more risk ... ratio and requires a $3,000 investment. iShares New York Muni Bond ETF (NYF) ...
04/24/2024 - 9:00 am | View Link - More
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