Municipal bond news.

India 2023/24 budget pushes for increase in municipal bond issues. MUMBAI, Feb 1 (Reuters) - India's government will provide incentives to urban civic …investor interest in Municipal Bonds as a source of financing of infrastructure projects and services, ULBs would be expected to view the Bonds as an on-going alternative financing channel, rather than as a one-off initiative. Therefore, a ULB which presents a shelf of projects will help long-term investors identify potential investment avenues beyond the …In 2022, the Bloomberg Municipal Bond Index tanked 8.53%. Allspring Municipal Bond Fund's 8.40% tumble still lost money, but beat the index by 2%. Year to date, WMBIX is up 0.82% vs. the 0.53% ...municipal bonds is one of the innovative paths to enable local bodies raise required resources on timely and fair basis. However, to routinely access capital markets, Urban Local Bodies (ULBs) in India need to have the capacity to develop commercially viable projects and most importantly healthy municipal revenue base. Since issuing …

The municipal corner of the market saw some volatility. The benchmark AAA municipal curve fell by ~10 basis points across the board. The ratio of municipal bond yields as a percentage of Treasury yields fell on this combination of moves and currently sits at ~66% at 10- years.A municipal bond or muni bond is a debt instrument issued by municipal corporations or associated bodies in India.These local governmental bodies utilise the funds raised through these bonds to finance projects for socio-economic development through building bridges, schools, hospitals, providing proper amenities to households, et al.

Pune Municipal Corporation (PMC) has become the first local body in the country to issue municipal bonds in nearly one and a half decade, raising Rs 200 crore for the smart city project, the central government’s pet scheme. The issue, handled by SBI Capital Market, was oversubscribed six times, having received subscribtions worth Rs …

The supply of municipal bonds continues to decline, thanks to fewer refunding issues. With robust balance sheets and a sharply higher cost of capital, state and local governments have been slow to issue new bonds at higher interest rates. As a result, the muni bond supply will likely remain tight until interest rates stabilize next year.Oct 16, 2023 · Municipal bonds, issued by state and local governments, serve to finance a wide array of capital projects, including schools, roads, bridges, and public transportation systems. Interest earned ... Between 2016-17 and 2020-21, nine municipal bodies raised around 38.40 billion rupees through bonds, the Reserve Bank of India (RBI) said in its report on municipal finances in November.The report, put together by RBI’s Department of Economic and Policy Research (DEPR), said bond financing route needs to be explored on a wider scale to meet the needed capex expansion plans of ...

2383.90. Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate …

Dec 13, 2022 · Despite the worst market rout in 40 years, investors plowed a record $27.8 billion into municipal-bond ETFs this year, a striking contrast to open-end funds which lost more than $130 billion. As ...

Civic bodies likely to hit Bond Street to raise up to Rs 1,000 crore. The government provides financial incentives in the form of a lump-sum grant-in-aid for municipal bond issuances at the rate of Rs 13 crore per Rs 100 crore of bonds issued under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT, 2015) …The new additions to Vanguard’s $229 billion municipal bond portfolio will expand the firm’s fixed income lineup. Its biggest muni-bond fund is the Vanguard Tax-Exempt Bond ETF (VTEB). The ...Nov 16, 2023 · 2:46. Investors are rushing into the $4 trillion municipal bond market to take advantage of bargain prices. “Trade volumes are up so much because munis is the cheapest it’s been in about a ... 11 Oct 2023 ... Investors in a high-income tax bracket can potentially reap big savings with these municipal bond funds.Interest rates: since March of 2022, the Federal Reserve had raised interest rates each time it met. In June 2023, that 15-month streak ended. The Fed war on high inflation may not be over yet ...

The new additions to Vanguard’s $229 billion municipal bond portfolio will expand the firm’s fixed income lineup. Its biggest muni-bond fund is the Vanguard Tax-Exempt Bond ETF (VTEB). The ...... ← All News. August 9, 2023. Analysis Suggests Municipal Bond Market Prices Race But Not Climate ... Few studies have examined the relationships between ...10 Jul 2020 ... We conclude with recommendations to further enhance the liquidity risk management toolkit for municipal bond fund managers and improve price ...The post Fiscal Justice Investing Is Changing the Municipal Bond Market appeared first on Worth. ... On the news, UiPath shares are 11.4% higher at $22.15. For the fiscal third quarter, UiPath ...A municipal bond is a type of bond issued by a local or state government to raise money for major capital projects. The purpose of these types of bonds is to generate money to build hospitals, schools, bridges, roads, sewer systems, prisons and much more. Local governments pay interest on a municipal bond to the bondholder, usually every 6 months.The municipal corner of the market saw some volatility. The benchmark AAA municipal curve fell by ~10 basis points across the board. The ratio of municipal bond yields as a percentage of Treasury yields fell on this combination of moves and currently sits at ~66% at 10- years.

Municipal bond issuance was just $396.7 billion in 2022, according to Refinitiv Lipper and JPMorgan data, well below most industry forecasts from the beginning of the year and a 20% decrease from the $498.6 billion in 2021. That decline in new supply has supported pricing for existing bonds. Taxable munis may have the strongest tailwind …

Here are seven of the best tax-free municipal bond funds to buy in 2023: Fund. Expense ratio. Vanguard Tax-Exempt Bond Index Fund Admiral Shares (ticker: VTEAX) 0.09%. Vanguard Short-Term Tax ...SPDR Nuveen Bloomberg Municipal Bond ETF TFI – Up 2.79% Return; ... Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.In fact, in many cases, we have actually seen a peak in terms of muni bond credit quality, and many municipalities are actually stronger today than they were prior to COVID-19. Hopefully, state ...BlackRock Virginia Municipal Bond Trust declares $0.0455 dividend. SA NewsWed, Apr. 07, 2021.Our municipal bond coverage contains prices for more than 1.1 million municipal bonds daily – including tax-exempt investment grade, high yield and taxable ...Get the latest Muni bonds news, videos and headlines. Explore more for Muni bonds breaking news, opinions, special reports and more on mint.April 18, 2023, 4:26 p.m. EDT 7 Min Read. Municipals sold off Tuesday with secondary trading showing weaker prints across the curve leading to up to 20 basis point cuts to scales with the largest ...In India, the share of municipal bonds in the total debt market is nonetheless insignificant; only 1 per cent of urban bodies financial needs are met through municipal bonds as opposed to 10 per cent in the US. This is because the municipal bonds in the debt market have poor ratings. Out of the 94 cities evaluated by agencies …

12 Sept 2023 ... In this month's roundup of municipal bonds news, Build America Mutual takes another look at pension risk, NBER quantifies the premium on the ...

BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) Declares $0.02 Monthly Dividend. BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM – Get Free Report) announced a monthly dividend on Thursday, November 30th, Wall Street Journal reports. Investors of record on Thursday, December 14th will be paid a dividend …

Muni Bonds News and Perspectives. Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date. If you have any questions, please call us at 1-800-FMS-BOND ( 1-800-367-2663) or e-mail us.Tax-free municipal bonds are not just a source of investment but also a significant contributor to public projects such as roads, schools and hospitals. These debt instruments are issued by local ...A municipal bond (muni) is a debt security issued by a state, municipality or county to finance its capital expenditures, including the construction of highways, bridges …23 Nov 2022 ... Bloomberg Intelligence's Eric Kazatsky explains what's behind the rally in municipal bonds. He speaks on "Bloomberg Markets: The Close.How to get the biggest bang out of cash heading into 2024. These unique assets are now a popular way to lock in yield. What to know about defined maturity ETFs. State-focused municipal bond funds ...Municipal-bond yields at the highest in more than a decade are spurring optimism on the part of investment managers, who have been dealing with persistent …SPDR Nuveen Bloomberg Municipal Bond ETF TFI – Up 2.79% Return; ... Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.What Are Municipal Bonds? A municipal bond, or "muni," is a fixed-income security that pays a specified amount of interest and returns the principal to the holder on a specific maturity date. Most ...Municipal bonds, issued by state and local governments, serve to finance a wide array of capital projects, including schools, roads, bridges, and public transportation systems. Interest earned ...A municipality is typically a term for a city or town, so individuals can identify their municipality as the place where they have official residence. Dictionary.com defines a municipality as a city, town or other district possessing corpor...Investors Dive Into $4 Trillion Muni Bond Market, Boosting Trading Volume. Volume hit about 87,400 on Nov. 1, surpassing last year’s high. Yields and lack of supply have been boosting activity...

18 Jan 2023 ... The ways in which both labelled and unlabelled muni bonds can contribute to sustainability outcomes;; The state of the labelled muni bond market ...Vanguard Short-Term Tax-Exempt Bond ETF ( VTES) 0.05%. iShares National Muni Bond ETF ( MUB) 0.07%. iShares Short-Term National Muni Bond ETF ( SUB) 0.07%. Nuveen High Yield Municipal Bond Fund ... News about Municipal Bonds, including commentary and archival articles ... High-grade municipal bond portfolios have been among the best places to find income.Instagram:https://instagram. brant floristreg stockcommodities fundsbofa dividend The municipal bonds that state and local governments sell to pay for unsexy-sounding infrastructure projects are offering their highest yields in more than a decade. New bond investors snapped up ... can i trade futures on robinhoodvalue of 1 gold bar 22 Oct 2020 ... In March, municipal bond yields increased sharply, as investors found them less desirable. Once the Fed offered to accept bonds as collateral ... fsly stock forecast If the investor is in the 24% federal income-tax bracket, we can calculate the taxable-equivalent yield for the Chicago Midway bond by dividing its YTM of 4.63% by 1 less the tax rate. So 4.63% ...Co-Head of Municipal Fixed Income. “For 2022, the market’s bias that rates will trend higher may present an opportunity for investors to deploy cash at more attractive tax exempt yields. While municipal credit did very well last year, the fundamentals remain very strong and supportive of valuations – though selectivity will be important.”.Ten-year benchmark municipal bond yields are hovering around 83% of comparable Treasury debt, with the municipal-Treasury ratio, a key measure of relative value, up significantly from it’s 2021 ...