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
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.
Why Municipal Bonds Are Immune to Market Volatility
Generally, municipal bonds (SUB) are immune to market volatility, thus providing considerable support to a portfolio.
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.
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.
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.
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.
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.
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.
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.
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.
Why You Should Avoid The Extremes Of Municipal Bonds
Avoid the extremes of municipal bonds. Holding cash is risky in the long run.
Why Municipal Bonds Are Attractive If You’re Rich
Municipal bonds are attractive in terms of tax-adjusted yields.
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.
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.
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.
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.
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.
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.
