Summary: The yield curve steepened and as a result AA rated municipal bonds have now moved into relatively cheap territory.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
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.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
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.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
Summary: Demand for munis push yields lower in the belly of the curve. Muni ETFs approach $63billion in assets.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
Summary: Post election demand for tax-exempt municipal bonds sparks a rally in November.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
Summary: Munis rally post-election as prospect of future higher taxes pushes demand higher.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
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.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
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.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
Summary: Yields slip higher, JR sees the relative value opportunity for investment-grade munis over corporate bonds.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
Summary: AA municipal bonds have moved back into “attractive” territory for the higher tax-bracket investors.
… More Rieger Report®: Municipals v. US Treasury & Corporate Bonds
