Summary: Bond ETFs continue to show massive shifts as investors reallocate across the fixed income spectrum.
Summary: Tax driven demand for munis hold yields down while taxable bond yields rise.
Summary: The yield curve steepened and as a result AA rated municipal bonds have now moved into relatively cheap territory.
Summary: Bond ETFs assets slip modestly in February but that doesn’t reflect the massive shift underway in assets within the category.
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: 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: “Risk-on” continues as cash flows into bond funds including junk.
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.