Summary: Post election demand for tax-exempt municipal bonds sparks a rally in November.
Summary: “Risk-on” continues as cash flows into bond funds including junk.
Summary: Munis rally post-election as prospect of future higher taxes pushes demand higher.
Summary: The markets have shifted to “risk-on” as cash flows from U.S. Treasury bond ETFs and into junk bond ETFs.
Summary: JR spoke on the trends of active v. passive fixed income: facts v. the hype.
Summary: In a period of high volatility leading up to the elections, the appetite for municipal bonds has been waning. The result is muni yields continue to move in the wrong way, making investment grade munis relatively cheap v. corporate bonds.
Summary: “Risk-off” has been elevated as equity market volatility leads into the week of horrors for the markets.
Summary: Fund flows continue to reflect investor sentiment but bond ETFs attract assets and continue to grow.
Summary: Municipal bond yields rise as supply wave hits the market with demand waning. Muni yields shift further into relative value cheapness v. corporate bonds.
Summary: Yields slip higher, JR sees the relative value opportunity for investment-grade munis over corporate bonds.