Some $49bn has been pumped into municipal bond funds this year, according to fund flows tracked by Refinitiv’s Lipper, with an outsize proportion directed to lower-quality debt. Despite accounting for just5 per centof the market by some estimates, junk-rated muni bonds raked in around a ...
Treasury bonds and notes are issued atface value, the principal the Treasury will repay on the maturity date, and auctioned off to primary dealers based on bids specifying a minimum yield. If the price paid for these securities rises in secondary trading, the yield falls accordingly, and conver...
The article focuses on the impact of turbulence in the bond market on the prices and yields of U.S. municipal bonds. The author discusses the increases of municipal bond yields over the course of 2007. The article also mentions the preferential tax treatment of municipal bond investments and ...
If investors are sold on the idea of adding munis to their bond portfolio, it may appear daunting given the vast number of options available. They don’t have to fret when considering exchange traded funds (ETFs) that can provide all-encompassing muni exposure in one fund like theALPS Interm...
BlackRock MuniYield Fund, Inc.’s (MYD) (the 'Fund') investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment ...
Morningstar Category — High Yield Muni Overall 4 out of 5 stars" 184 3YR 3 out of 5 stars" 184 5YR 3 out of 5 stars" 177 10YR 4 out of 5 stars" 117 DISCLOSURES Rating is based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’...
The price, and therefore the yield, of the bond will also depend on the creditworthiness of the issuer, which indicates the risk of the investment. The higher the credit rating of the issuer, the lower the coupon rate the issuer must offer to sell its bonds. Changes to the credit rating...
Indexology®Blog Get Indexology®Blog updates via email. Sign Up Tag Archives:municipal bond high yield index Jul 31, 2014 Tyler ClingSenior Manager, Fixed Income IndicesS&P Dow Jones Indices Late July Muni Minutes Long-term bonds have posted solid gains thus far in 2014, with rates holding...
BlackRock MuniYield New York Quality Fund, Inc.’s (MYN) (the 'Fund') investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes and New York State and New York City personal income taxes as is
One such risk is the size of the high-yield muni market. In the bond market, the size of the market matters because unlike stocks or ETFs, bonds don't trade on an exchange. This can pose a challenge for investors in parts of the bond market because nobody is required to execute a ...