Market Vectors-Lehman Brothers AMT-Free Long Municipal Index ETF (MLN)
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MLN Forum Topics
- All Comments on MLN
- General Discussion on MLN
- Municipal Bond ETFs and Closed-End Funds [view article]
- Our Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
- ETF Fund Revenues: A View from the Bottom [view article]
- Some Muni Bonds Appear Screaming Buys Here [view article]
- Why Don't Munis Form a Self-Insured Co-op? [view article]
- Fixed Income Pair Trade: Long MLN, Short TLT [view article]
loading ...Recent MLN Articles
- ETF Fund Revenues: A View from the Bottom
- Our Run-In With Auction Rate Securities - And What It Taught Me About Markets
- Municipal Ratings: S&P and Moody's Diverge
- Can Municipalities Wrap Themselves?
- Some Muni Bonds Appear Screaming Buys Here
- Why Don't Munis Form a Self-Insured Co-op?
- Fixed Income Pair Trade: Long MLN, Short TLT
- Van Eck Launches Second Muni Bond ETF
- Municipal Bond ETFs and Closed-End Funds
- Full List of Articles »
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Municipal Bond ETFs and Closed-End Funds [view article]
Closed end usually sell at a discount to net asset value, and may come into favor as tax rates go higher. Anyone know a good AMT free closed end intermediate to short maturity closed end fund? ReplyOur Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
Hi Fred,Who's your broker and does he have any more AA / AAA rated ARS yielding 7-15% for sale? I would be quite happy to hold illiquid bonds for a few months while the issuer tries to rfinance (even years if the yield is 15%!). Reply
Tiedeman
ETF Fund Revenues: A View from the Bottom [view article]
Nice data! Thanks! ReplyMunicipal Bond ETFs and Closed-End Funds [view article]
I own shares in MIY. I called Blackrock and they told me that 12.32% of the income from the fund is subject to AMT. I have had to pay AMT they last two years and it look like I will have to for some time to come. With Michigan's income tax rate at 4.35%, is it better to put the money in a national AMT-free muni bond fund and pay the Michigan income tax or leave it as is? ReplyEditors
General Discussion on MLN
Is this a buy or a sell? ReplyJackson
Municipal Bond ETFs and Closed-End Funds [view article]
We've added two new Barclays muni bond ETFs:iShares S&P California Municipal Bond Fund (CMF)
iShares S&P New York Municipal Bond Fund (NYF)
(Thanks JohnB.) Reply
Some Muni Bonds Appear Screaming Buys Here [view article]
I currently own NUV, which is a closed end fund that has NO leverage. It has been rising recently, and I assume this is because of a flight to quality and away from leverage, even in the Muni market. The average duration is relatively short (6+yrs), and the average credit rating is AA (but I do not know how many of the "AAA" bonds it holds are insured....). Not sure I would buy it here, because the discount to NAV has decreased to only 0.2%.Also, as traders look for assets to sell, this will keep pressure on all "safe" types of bonds. Reply
Our Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
So how did you get out? ReplyOur Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
Harry Newton, the link within your message doesn't work without the 'www', however www.auctionratepreferr... works. ReplyOur Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
I have $4.5 million of Auction Rate Preferreds. They are different to the individual issuer bonds talked about above. Virtually all auction rate preferred auctions have failed in the past three weeks. Thousands of people (including me) are now looking at their "cash equivalents" as long-term, infinite-maturity bonds. This is intensely annoying, especially to owners who held their April 15 tax payments in these ARPs and now can't get to the money. In recent days I have been writing about ARPs on my web site, which you can now reach (for free) AuctionRatePreferreds..... If you own these things, please visit my web site and email with me (my email address is on the web site). I talk to ARPs owners every day and every day we collectively think of things we can do. I am not saying I have "the solution." But we have ideas. I am not a lawyer. I am not looking for clients. I am looking for a way to get at my cash. Thanks -- Harry Newton. ReplyOur Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
@arenas - because the rates won't be around for any solid credit for any length of time. you'll buy these and hold them until the municipality refinances out of them. the greater the penalty rate, the more incentive the institution has to refinance.One broker I use to custody client accounts will let me trade them to another family account, but they wouldn't let me buy the bonds from them. So I'm buying a tax free bond in an IRA account and the yield is better than the taxable municipal I had to sell to make room. Weird illiquid market right now.
Reply
Some Muni Bonds Appear Screaming Buys Here [view article]
Hi, I live in New York and am not sure what to buy; CTF s like PNF, PNI, PYN (I can't really figure out the differences) or a fund like FTMFX? Any insights or recommendations are appreciated! ReplyMunicipal Bond ETFs and Closed-End Funds [view article]
Great article. Shouldn't it be updated to include ETFs likeiShares S&P California Municipal Bond Fund (CMF)?
Reply
Our Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
Excellent explanation. Why wouldn't taxable trusts with a long horizon invest in these securities? ReplyOur Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
User 160537, maybe the author's ARS positions were higher underlying quality or had a higher reset rate than the positions you own? Reply