More than half of bond ETFs saw price price declines greater than their drop in NAV last month,...

|By:, SA News Editor

More than half of bond ETFs saw price price declines greater than their drop in NAV last month, according to Morningstar. The MUB's 3.1% fall compares to a 1.3% dip in NAV - not peanuts considering the fund's 2.8% annual yield. Similar patterns were seen in other muni funds like CXA and ITM as well as in junk bond ETFs like HYG, but was not evident in TIPS (TIP) trackers or broad fixed-income ETFs like AGG and BND.