|Bid||25.06 x 1100|
|Ask||25.08 x 7000|
|Day's Range||25.05 - 25.09|
|52 Week Range||24.72 - 25.90|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.28%|
Patrick Luby is the municipal strategist at CreditSights Wealth. With most municipal bond total return indices strongly positive, year-to-date net flows into muni bond ETFs have now eclipsed the $2 billion mark, although the pace of inflows is slower than last year, when $3.2 billion was added in the same period.
Patrick Luby is the municipals strategist with CreditSights Wealth. While Puerto Rico continues to dominate the muni market headlines, trading in Puerto Rico bonds has totaled less than 3% of muni trading volume so far this quarter (through May 15, according to MSRB data from Bloomberg). With the bulk of attention focused elsewhere, muni yields have generally moved lower so far this year, lifting most of the muni indices into positive territory. Bond prices rise when yields fall.
Despite its bankruptcy filing, Puerto Rico has the option to negotiate with its creditors outside the court. It could go through a process equivalent to a Chapter 9 bankruptcy filing.
Markets across the globe continued to climb the proverbial wall of worry during the first quarter of 2017. The yield on the 10-year U.S. Treasury remained range-bound during the period, ultimately moving lower by 0.05%. Both investment-grade and ...
March 01, 2017 There’s a wide range of possibilities that could be proposed or enacted when it comes to taxes. But here’s what we do know: even if Congress cuts the top tax rate to 33% or decides to tax investment income at half that rate, munis ...