Municipal Bonds vs. U.S. Treasury & Corporate Bonds
Summary: Munis get cheaper relative to UST and corporate bonds, move to 104% of UST on long end.
Summary: Munis get cheaper relative to UST and corporate bonds, move to 104% of UST on long end.
Summary: Munis shift cheaper but not as much as UST treasury and US corporate bonds.
Summary: JR reports that the municipal bond market absorbed an increase in new issue supply as the demand supply imbalance plays an important role in the municipal bond market.
Summary: JR analyses the impact of new issue supply is impacting the longer end of the municipal yield curve and notes the short end is still relatively rich when compared to other asset classes.
Summary: A summer slowdown is seen in the municipal bond market as yields remain range bound.
Summary: JR analyses the characteristics of the larger ETFs in the municipal and corporate bond markets. Key findings are that muni ETFs tend to have higher quality and shorter duration than US corporate bond ETFs.
Summary: JR calculates taxable equivalent yields of high-grade municipal bond proxies and relates them to the US corporate bond market.
Summary: At the mid-year mark, JR discusses what he likes and doesn’t like about the municipal bond market v. the U.S. Treasury bond and corporate bond markets.
Summary: JR identifies where munis appear rich relative to corporate and treasury bonds.
… More AAA Municipal Bond vs. U.S. Treasury & Corporate Bonds
Summary: JR introduces the characteristics and the growth of municipal bond exchange traded funds.