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TFI

This year has, so far, been a pretty strange period for municipal bond investors. It started off with a dire prediction from Meredith Whitney on the market as she stated her belief that we will see a large amount of defaults in the space in the very near future. “You could see 50 sizable defaults, 50 to 100 sizable defaults, more.” said Meredith in December of last year. “This will amount to hundreds of billions of dollars worth of defaults.” While this prediction has not come true– at least not yet– questions are beginning to pop up regarding the market nonetheless.  [click to continue…]

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State Street Launches High Yield Muni Bond Fund (HYMB)

by Eric Dutram on April 14, 2011

State Street, the issuer behind the two largest U.S.-listed ETFs, made a new addition to the fixed income portion of its product lineup this week. The recently-launched SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) will seek to replicate the performance of the S&P Municipal High Yield Index, a benchmark that consists of bonds issued by U.S. states and territories, local governments or agencies, that are rated below investment grade. [click to continue…]

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Look Out Below! Muni Bond ETFs In Freefall

by Eric Dutram on November 16, 2010

After witnessing an impressive run-up through the first three quarters of the year, more and more investors are now expressing concern over a bubble in bond markets. Reaction to the recent announcement of another round of QE has skewed towards the negative, as economists both in the U.S. and around the globe have predicted that [...]

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Five ETFs In Focus Ahead Of The State Of The Union Address

by Eric Dutram on January 27, 2010

Barack Obama’s first year in office has, by most accounts, been a mixed bag. The massive $787 billion stimulus plan helped to avoid an even deeper recession, but failed to impact joblessness in any meaningful way. Instead of seeing a downturn in the unemployment rate as promised, Americans have seen the rate grow to double [...]

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