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Muni Bond ETF Shrugs Off Moody's Warning on StatesTom Lydon • Wed, Jul 20, 2011 -
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Book Review: Investing In Municipal BondsDavid Merkel • Tue, Jun 18 -
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There are no Transcripts on MUB.
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at MarketWatch.com (Dec 28, 2012)
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at MarketWatch.com (Nov 19, 2012)
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at CNBC.com (Nov 16, 2012)
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at CNBC.com (Nov 12, 2012)
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at MarketWatch.com (Aug 31, 2012)
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at CNBC.com (Jul 11, 2012)
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at MarketWatch.com (Jun 7, 2012)
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at MarketWatch.com (Jan 31, 2012)
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at CNBC.com (Dec 5, 2011)
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at CNBC.com (Oct 12, 2011)
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at CNBC.com (Sep 28, 2011)
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at CNBC.com (Sep 21, 2011)
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at CNBC.com (Jul 5, 2011)
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at CNBC.com (Jun 10, 2011)
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at MarketWatch.com (Feb 14, 2011)
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at CNBC.com (Feb 10, 2011)
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at MarketWatch.com (Jan 25, 2011)
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at MarketWatch.com (Jan 21, 2011)
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at MarketWatch.com (Jan 14, 2011)
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at MarketWatch.com (Jan 14, 2011)
MUB vs. ETF Alternatives
MUB Description
The iShares S&P National AMT-Free Municipal Bond Fund seeks results that correspond generally to the price and yield performance, before fees and expenses, of the municipal bond sector of the United States as defined by the S&P National AMT-Free Municipal Bond Index.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Key Info
- In Your Portfolio: Broad U.S. Bond ETFs, A Guide to Municipal Bond ETFs and Closed-End Funds
- Asset Class Performance: Bonds
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Sunday, June 16, 1:56 AM Detroit has become the most populous city to default since Cleveland in 1978 after it missed a $39.7M debt payment on Friday. Overall, Detroit intends to suspend payments on $2B of unsecured debt as part of the plan of Emergency Manager Kevin Orr to turn around the city's horrific finances. Other measures include demanding that unsecured creditors accept a haircut of over 90%, and cutting pensions for active and retired workers. 32 Comments [U.S. Economy, Top Stories]
- Saturday, June 15, 9:55 AM 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. 2 Comments [Quick Ideas]
- Friday, June 14, 3:06 AM Detroit emergency manager Kevyn Orr is due to unveil his restructuring plan for the debt-laden city today to public labor unions, bondholders and bond insurers, including MBIA (MBI) and Assured Guaranty (AGO). Orr will reportedly try to persuade creditors to accept as little as 10 cents on the dollar for the city's debt. He has indicated that creditors would be far better off compromising now than taking their chances with a Chapter 9 bankruptcy filing. 15 Comments [U.S. Economy, Top Stories]
- Thursday, June 13, 9:20 AM Municipals (MUB) are a buy, writes David Kotok, noting an above-4% yield for very high-grade tax-free muni paper - a taxable equivalent yield above 7%. He suggests fixed-income markets (AGG, BND) have overreacted to the poor communication policies of central banks. "We are now lengthening duration ... If the market wants to give us bargains, our job is to take them." Some closed end muni funds at discounts to NAV: NIO, NVG, BTT, NPM, NRK, MUC, VCV, NEA. Comment! [Quick Ideas]
- Thursday, June 13, 5:22 AM U.S. states are expected to end their fiscal year on June 30 with a combined surplus of $23.7B after taking in stronger-than-expected revenues. However, the future is more uncertain, as income this year may have been boosted by residents selling assets ahead of a tax rise. Going forward, states will also have to cope with federal spending cuts, an expansion of Medicaid, and increasing pension and retirement obligations. Comment! [U.S. Economy, Top Stories]
- Wednesday, June 12, 5:31 AM Illinois had to pay a premium on the sale of a $600M 10-year sales-tax backed bond yesterday, with the yield of 2.94% 0.75 percentage point higher than triple-A-rated debt on a benchmark scale. The auction came after Fitch and Moody's downgraded Illinois last week due to its inability to address its growing unfunded pension liabilities. Next week, the state legislature is scheduled to hold a special session over the crisis, while in two weeks, Illinois is due to auction a $1.25B bond. Comment! [Global & FX, U.S. Economy]
- Tuesday, June 11, 2:48 AM Detroit has a 50/50 chance of filing for bankruptcy, Emergency Manager Kevyn Orr told a packed public meeting yesterday. Orr is due to meet with over 100 creditors, union leaders and bond insurers on Friday, when he'll detail his plan to overhaul the city's finances. Detroit's liabilities are estimated at $17B and it has a deficit of $386M, but it has enough cash on hand to see it through Q4 at least. Comment! [U.S. Economy, Global & FX, Top Stories]
- Wednesday, June 5, 4:42 AM Jefferson County in Alabama has reached a deal with its creditors that paves the way for it to exit bankruptcy in what has been the largest municipal failure in U.S. history. Under the agreement, debt-holders will receive $1.84B out of the $2.4B that they hold, with JPMorgan (JPM), the largest creditor, to take a haircut of $842M. With a number of other local governments in distress, the case is being closely watched. 4 Comments [Top Stories, Global & FX, U.S. Economy]
- Tuesday, June 4, 4:16 AM Detroit emergency manager Kevyn Orr intends to ask the city's unions and creditors for concessions as part of a restructuring plan for its $17B of liabilities. It's unclear whether the plan would avert bankruptcy or be used as a basis for a court supervised reorganization. Detroit has a $30M debt payment due on June 15, but Orr could reportedly decide not to make it. 1 Comment [Global & FX, Top Stories, U.S. Economy]
- Monday, June 3, 4:20 PM Another Pimco income fund trading at a premium to NAV gets hit - today the Pimco California Municipal Income Fund II (PCK -4.9%). Today's decline still leaves it at a 12% premium to the end of May's NAV at a time when the average muni CEF is trading at discount. Three noteworthy ones: NUV, NPM, MQY. Comment! [Financials]
- Monday, June 3, 1:52 PM iShares S&P National Municipal Bond Fund ETF (MUB) announces monthly distribution of $0.2501. 30-day SEC yield of 1.69% (as of 5/30/2013). For shareholders of record June 05. Payable June 07. Ex-div date June 03. Comment! [Dividends]
- Monday, May 20, 12:30 PM The hot market for corporate junk (HYG, JNK) has pushed the yield on high-yield corporates (4.88%) well below that of high-yield municipals (5.22% nominally, over 8% on a tax-equivalent basis). The nominal spread of 34 bps is down from 56 bps a week ago as investors take notice of the anomaly. High-yield muni ETFs: HYD, HYMB, XMPT. 4 Comments
- Friday, May 17, 3:55 PM The bear market in gold (GLD, IAU) has left three closed-end funds trading at abnormally large discounts to NAV, says Morningstar's Cara Esser: GTU, CEF, and PHYS. Likewise, a small selloff in municipal (MUB) paper has left these muni CEFs at attractive values: NXR, MYD, NXP. 2 Comments [Quick Ideas]
- Tuesday, May 7, 9:39 PM While fears of widespread defaults in the municipal bond (MUB) market (perpetuated in December of 2010 by Meredith Whitney) have so far proven overblown, Moody's says a disturbing trend seems to be developing. Although only five defaults were recorded in 2012, that's more than four times the average yearly rate logged from 1970 to 2007. Perhaps the most notable thing about last year's five defaults: three of them were general government defaults as opposed to defaults on bonds tied to specific projects. The historical average for general government muni defaults: 1 every 4.3 years. 4 Comments
- Wednesday, May 1, 2:54 PM iShares S&P National Municipal Bond Fund ETF (MUB) announces monthly distribution of $0.2527. 30-day SEC yield of 1.63% (as of 4/30/2013). For shareholders of record May 03. Payable May 07. Ex-div date May 01. Comment! [Dividends]
- Tuesday, April 23, 9:29 AM Forecasts of "Armageddon" for the the municipal bond market (MUB) are terribly misguided, writes Randall Forsyth. Higher rates? Variable rate financing is only a small fraction of the market, and any increase would come from rock-bottom levels. Recent bankruptcies? They get a lot of headlines, but last year accounted for just 1% of all obligations. This year, just 0.6%. Comment! [U.S. Economy]
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Saibus Research
Taking a look at Meredith Whitney's muni call and the recent California muni defaults http://seekingalpha.com/a/foc5 $AGG $C $JNK $MUB $TIP - View all 0 replies
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