Munis weaker in the belly; short UST selloff on debt impasse
Refinitiv Lipper reported $847.068 million of outflows from municipal bond mutual funds, $420.675 million of which was high-yield.
Source: bondbuyer.com
Daryl Helsing News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Daryl Helsing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Daryl Helsing Today - Breaking & Trending Today
Muni mutual fund outflows hit $2.9B, highest of 2023
Even though yields have moved to higher ground, some participants say that even cheaper levels are needed to bring about more retail conviction. Muni-to-UST ratios are still rich.
Source: bondbuyer.com
Munis little changed to start March, USTs weaker
Outflows returned, with the Investment Company Institute reporting investors pulled $1.148 billion from mutual funds in the week ending Feb. 22, after $931 million of inflows the previous week.
Source: bondbuyer.com
2023 should be better for municipal bonds, experts say
After "carnage" in 2022, a munis should see a "positive environment" this year, according to analysts.
Source: bondbuyer.com
Munis sit back while USTs falter, equities end in the red
"Yield levels are now notably higher throughout many sectors of the yield curve by a number of percentage points," said Morgan Stanley strategists Matthew Gastall and Daryl Helsing.
Source: bondbuyer.com