Tough times are ahead for municipal bond issuers. The recession, sparked by the coronavirus-led shutdown of the US economy, will temporarily reduce most tax and
Ladenburg Thalmann Financial Services Inc. increased its stake in shares of MFS Municipal Income Trust (NYSE:MFM) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The
The Fed announced on March 15th a slash to their target interest rate to 0-0.25%, a full one percent cut. This was simultaneously announced with a $700 billion

MFS Announces Closed-End Fund Distributions

08:30pm, Wednesday, 01'st Apr 2020
MFS announces closed-end fund distributions for April 2020

Municipal Market Update And Sector Thoughts

12:09pm, Sunday, 29'th Mar 2020
Municipal bond funds had experienced 60 straight weeks of inflows - a record streak totaling around $75 billion. But fast forward to the week ending March 18, 2
Until very recently municipal bonds were a very different experience, finishing 2019 with a 14-month run of positive net inflows, equating $95 billion into open
The municipal bond market has suffered one of the most dramatic back-offs it has ever seen. The meltup of Treasury prices had a terrible effect on most Wall Str

Making Sense Of The Move In Munis

01:04pm, Friday, 27'th Mar 2020
Last week, investors in the municipal bond market withdrew some $12.2 billion, marking the end of more than a year of inflows that saw $130 billion enter the ma
On Monday, the Federal Reserve went all-in to support America's shuttered economy. Among its most remarkable moves was its backstop of the $3.8 trillion municip

Stocks That Hit 52-Week Lows On Thursday

02:49pm, Thursday, 19'th Mar 2020
On Thursday morning, 1178 companies hit new 52-week lows. Facts of Interest: The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...

Stocks That Hit 52-Week Lows On Thursday

04:10pm, Thursday, 12'th Mar 2020
12 out of 23 CEF sectors positive on price and 8 out of 23 sectors positive on NAV this week. Franklin Resources buys Legg Mason. HQH and GGZ boosts their distr

COVID-19 And Municipal Credit Quality

04:27pm, Wednesday, 04'th Mar 2020
Municipal credit quality continued to improve through the third quarter of 2019, per Moody's and S&P, with upgrades still more prevalent than downgrades; and fr
Municipal bond fund inflows in 2019 were tremendous. In fact, they set an annual record of $105 billion through Dec. 31 into open-end mutual funds and exchange

MFS Announces Closed-End Fund Distributions

09:15pm, Monday, 02'nd Mar 2020
MFS announces closed-end fund distributions for March 2020
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