Summary: Investment grade muni prices rise as relentless demand for tax-exempt bonds continues. The curve did steepen on the long end but not as much as corporate bond yields.
Summary: Bond ETFs reach over $1,100billion in assets as investment grade bonds continue to attract investors. TIPS also get inflows as inflation concerns are being reflected in investor behavior.
Summary: Despite the COVID cloud hanging over the municipal bond market, municipal bonds continue to rally and move into “rich” territory relative to corporate bonds.
Summary: Bond ETFs grew by over $212billion reaching $1,094billion in total assets.
Summary: Demand for munis push yields lower in the belly of the curve. Muni ETFs approach $63billion in assets.
Summary: Bond ETFs continue to collect assets as investor behavior continues to favor Investment grade bonds. Junk bonds (Risk-on) and inflation protection also do well.
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.