peter hayes _low_bw x

Peter Hayes

Peter is head of BlackRock’s Municipal Bonds Group and a member of the Americas Fixed Income Executive Team. He leads the firm’s Municipal Bond Operating Committee, which oversees municipal bond portfolio management, research and trading activities. He is also a member of BlackRock’s Global Operating Committee. Peter writes about municipal bonds.

Disclosure: The content Market Realist publishes should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of BlackRock.

More From Peter Hayes

  • uploads///Munis care
    Macroeconomic Analysis

    Municipal Bonds Help You Care For Communities

    Municipal bond issuers are state-wide and local. They typically use the funds they accumulate through issuing bonds for infrastructure projects.

    By Peter Hayes
  • Financials

    Must-know: Working the municipal bond portfolio

    Flex more muni muscle with a flexible municipal fund. “Unconstrained” investing has gotten quite a bit of press this year.

    By Peter Hayes
  • uploads/// Bond yieldd
    Company & Industry Overviews

    How Equity Volatility and Global Uncertainty Are Eroding Returns

    The past few months have seen high levels of volatility in global stock markets (IWD) (IEFA) amid concerns over declining oil prices (IEO) and a slowdown in China’s (FXI) (MCHI) economy.

    By Peter Hayes
  • Financials

    Why we’ve seen a solid run in the municipal bonds market

    It’s been a solid run for municipal bonds so far in 2014. And that has many investors wondering what to do next. Peter Hayes prescribes a three-step muni workout.

    By Peter Hayes
  • Why investing in long-term municipal bonds makes more sense
    Financials

    Why investing in long-term municipal bonds makes more sense

    The middle portion of the municipal yield curve (short and intermediate maturities) is looking relatively pricey at this juncture.

    By Peter Hayes
  • Financials

    Municipal bonds: The must-know outlook for investors

    Munis remain a high-quality asset class offering yields that today rival those of Treasuries and many corporate bonds before tax — and look even better after.

    By Peter Hayes
  • uploads/// Correlation
    Company & Industry Overviews

    Municipal Bonds Are the Ballast to Equity Risk

    Historically, investment-grade and high-yield municipal bonds (MUB) have a very low correlation with most other asset classes.

    By Peter Hayes
  • uploads/// Index Volatility
    Company & Industry Overviews

    Why Municipal Bonds Are Immune to Market Volatility

    Generally, municipal bonds (SUB) are immune to market volatility, thus providing considerable support to a portfolio.

    By Peter Hayes
  • uploads/// Barclays Returns
    Company & Industry Overviews

    Yield Is the Workhorse of Municipal Bond Returns

    Over the years, average returns from municipal bonds (CMF) are in line with the broader index. They outperformed in some years and underperformed in others.

    By Peter Hayes
  • uploads/// After tax yield
    Company & Industry Overviews

    Are Municipal Bonds Really for Me?

    Municipal bonds (MUB) have provided an excellent return in the past year. The returns are even better if we account for their tax benefits.

    By Peter Hayes
  • uploads/// BLR
    Company & Industry Overviews

    Why Municipal Bonds Correlate Very Little with Other Asset Classes

    An investment in municipal bonds means investing at home. Munis are issued by U.S. states and their political subdivisions only.

    By Peter Hayes
  • uploads/// China
    Company & Industry Overviews

    Why China’s Slowdown Is the Biggest Worry in US Markets

    A slowdown in growth there has been blamed in part for the slide in oil given that China is the biggest consumer of the commodity.

    By Peter Hayes
  • uploads///a BR
    Company & Industry Overviews

    Why Municipal Bonds Offer Decent Income without Excessive Risk

    Are you struggling to derive decent income without indecent risk from your investments? One perfectly “decent” solution: municipal bonds.

    By Peter Hayes
  • uploads/// Std deviation
    Company & Industry Overviews

    Municipal Bonds Offer a Compelling Counterbalance to Equity Risk

    Peter Hayes continues our Feeling Taxed? series with a look at how tax-exempt municipal bonds provide attractive relative income without an unsavory level of risk.

    By Peter Hayes
  • uploads///High yield municipal bonds have performed well historically
    Macroeconomic Analysis

    Why You Should Hold On To High Yield Municipal Bonds

    High yield municipal bonds look attractive. H high yield municipal bonds, like high yield corporate bonds (HYG)(JNK), have higher yields.

    By Peter Hayes
  • uploads///Municipal bond yield curve is stepper at longer maturities
    Macroeconomic Analysis

    Why You Should Avoid The Extremes Of Municipal Bonds

    Avoid the extremes of municipal bonds. Holding cash is risky in the long run.

    By Peter Hayes
  • uploads///Tax exemption makes munis look attractive
    Macroeconomic Analysis

    Why Municipal Bonds Are Attractive If You’re Rich

    Municipal bonds are attractive in terms of tax-adjusted yields.

    By Peter Hayes
  • uploads/// year US Treasuries vs municipal bond yields
    Company & Industry Overviews

    Municipal Bonds Offer You More Value Than Treasuries

    If equities (SPY)(IVV) remain volatile due to global cues, municipal bonds could be one of the few reasonable assets remaining.

    By Peter Hayes
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