Fri, Sep 19, 2014, 4:34 AM EDT - U.S. Markets open in 4 hrs 56 mins

Recent

% | $
Quotes you view appear here for quick access.

Market Vectors High-Yield Municipal ETF Message Board

  • williewonk@sbcglobal.net williewonk Mar 16, 2012 1:12 PM Flag

    Why?

    why is HYD and NUV getting killed the last few days? Is it just the slight rise in interest rates or something more profound??? TIA

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • HYD closing prices:

      8/5/11 - 28.34
      8/6/11 - 26.68
      8/17/11 - 28.35

      (Somebody had a very defective crystal ball.)

    • Why not?

      Has someone just screwed a boat load of customers?

      A couple of years ago I had a CEF (GIM) that traded 25% below NAV for a few days - TWICE!

      Keep you powder dry.

      • 1 Reply to vensh
      • Why is of course, that some speculate that the "uber" rich who are suspose to be the major holders of muni's won't be buying them if the politicians in washington decide to cut the 100 yr old tax-free status of munis. However, many of these bond holders are middle-class retirees who use them for income. Of course, how long has it been since the gov. really encouraged savers? So they're not even thinking about these guys. My question is: Who do they think would buy these bonds without the tax break? If the utilities and municipalities aren't able to get buyers for the bonds they'll have to get the money in the form of aide from the federal government. Sounds like they would just be building a bigger "cliff to go over" for a later date.

        Maybe we could just have a garage sale of local muni's for the Chinese government and they could just buy them directly, instead of buying them in the packaged U.S.A. federal government debt as they've been doing in the last several years. 'Just a silly thought.

 
HYD
30.49+0.02(+0.07%)Sep 18 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.