Market Vectors® Short Municipal ETF
What a Trump Presidency Means for Municipal Bonds
After investors’ post-election U-turn, some tailwinds turned to headwinds for municipal bonds. Investors moved money out of bond funds amid expectations of a Fed rate hike.
Tobacco Bonds Have Flourished This Year
Tobacco bonds are one of the largest, most liquid, and highest-yielding segments in the municipal bond space (HYD) (ITM) (SMB).
Municipal Bonds’ Credit Quality Still Prevails
In this series, we will shed light on Moody’s recent data report, US Municipal Bond Defaults and Recoveries, 1970–2016. Muni bond prices sparked in 2016, especially when President Trump announced his infrastructure spending plans.
A Glance at Muni Bonds’ Performance in 2016
The performance of municipal bonds has fallen since the 2016 election, as President Trump’s tax reform and infrastructure spending plans have caused some concern among investors.
Is There an Opportunity in a Muni Sell-Off?
With their high yields, low prices, and tax-efficient returns, muni bonds (HYD) (ITM) could be available to investors at a dirt cheap rate in the coming months.
Increased Muni Issues to Fund Infrastructure Spending
The downfall for muni bonds (HYD) (ITM) (MLN) began in October 2016 after the muni market was flooded with new issues for state and local governments.
Tax Reform Is Full of Unknowns
President-elect Donald Trump’s tax reforms could bring cheers from taxpayers, but the tax bracket changes may not be well received by muni bond investors.
VanEck Launches Two New Intermediate-Term Municipal Bond Funds
In September 2016, VanEck introduced two new ETFs that provide exposure to intermediate-term municipal bonds.
ITML: Taking a Less Conservative View of the Marketplace
With a longer duration of the intermediate bonds rate curve, ITML is best suited for investors who are uncertain about the movement of interest rates in the near future.
Intermediate-Term Municipal Bonds Are in a Sweet Spot
Immediate-term bonds (ITM) are better placed since investors take less of an interest rate risk.
ITMS: Taking a Very Narrow View of the Municipal Yield Curve
As of September 30, 2016, ITMS has all of its investments in US dollar-denominated bonds with a credit rating of “A” or higher, thus ensuring lower risks.