Income Investor Perspectives

The muni market out-performed the U.S. Treasury market last week and trading volume continues to be unseasonably heavy–not surprising given the heavy outflows from mutual funds, the large new issue calendar and yields that started the week at much cheaper levels than have been seen in a while.

The week ahead, however, brings a much smaller new issue calendar and of course the much-anticipated December FOMC meeting.

THIS WEEK’S INGREDIENTS:

• It’s Fed Week Again!
• The Muni Market is Less Illiquid!
• Market Performance: Price Rally Follows the Yield Rally
• Three Seasons: Fall is the New Summer
• Muni Bond Fund Flows
• Banks, Insurance Companies and Foreigners Big Buyers of Munis in Q3
• The Calendar
• Muni Market Data and Tables
• The Bottom Line

Click here to read this week’s Muni Catchup.

This is not investment advice. The opinions expressed and the information contained herein are based on sources believed to be reliable, but accuracy or appropriateness is not guaranteed and are subject to change without notice. Past performance is interesting but is not a guarantee of future results. Investments in bonds are subject to gains/losses based on the level of interest rates, market conditions and credit quality of the issuer. Indices are not available for direct investment, although in some cases, there may be ETFs available designed to track some of the indices shown. The author does not provide investment, tax, legal or accounting advice. Investors should consult with their own advisor and fully understand their own situation when considering changes to their strategy, tactics or individual investments. Additional information available upon request.
©2016 Patrick F. Luby
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