|Bid||48.97 x 100|
|Ask||48.98 x 800|
|Day's Range||48.95 - 49.04|
|52 Week Range||46.81 - 50.88|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.23%|
The largest exchange-traded fund to track the municipal bond market edged higher on Tuesday and was on track for its 14th straight daily advance, the longest such record in the fund’s history.
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.
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 ...