For well over a decade, the institutional municipal market has been dominated by high 5% bonds callable at 100 in year 10. The premium market price corresponding to the artificially high coupon ...
A construction barrier on a road in Raleigh, North Carolina, US, on Wednesday, July 17, 2024. Municipal bond sales are surging at the fastest clip in weeks as issuers focus on the prospect of lower ...
New ETF delivers access to short-duration investment-grade municipal bonds near call dates, offering federally tax-exempt income with lower duration risk. Traditionally, investors seeking tax-free ...
Municipals were weaker Tuesday as the primary market picked up steam. U.S. Treasury yields fell out long and equities recovered. The two-year ratio Tuesday was at 82%, the five-year at 82%, the ...
Bank of America is offering a new 6% coupon, callable bond maturing in 2045, presenting a strong fixed income opportunity. The bank's financials are solid, with rising net interest income, robust loan ...