Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (SMB)
-
Quote & Analysis
-
Forum
Loading...
Symbols:
SMB Forum Topics
- All Comments on SMB
- General Discussion on SMB
- Munis in the Crosshairs [view article]
- Municipal Bond ETFs and Closed-End Funds [view article]
- ETF Update: Healthcare Has a Heartbeat; A Good Time for Muni-Bond ETFs? [view article]
- Our Run-In With Auction Rate Securities - And What It Taught Me About Markets [view article]
- Some Muni Bonds Appear Screaming Buys Here [view article]
- Why Don't Munis Form a Self-Insured Co-op? [view article]
loading ...Recent SMB Articles
- Munis in the Crosshairs
- ETF Update: Healthcare Has a Heartbeat; A Good Time for Muni-Bond ETFs?
- 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?
- Municipal Bond ETFs and Closed-End Funds
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
rver
Munis in the Crosshairs [view article]
Yes, $3.2 billion has been reported in the press and BondGuy's post has reason to it. ReplyMunis in the Crosshairs [view article]
Don't scare people needlessly. This has almost no relevance to the overall muni market. Jefferson County was trading derivatives, and was ripped off by Wall Street banks. Also, the underlying bond was a "revenue bond," which is more like a corporate bond, as it was paid off by the sewer authority revenues rather than by tax revenues, like a GO muni bond. GO (general obligation) bonds are what most muni investors have, and these bonds are the next safest thing to T-Bills, in that they are backed by the full faith and credit of the state. They are incredibly safe. ReplyMunis in the Crosshairs [view article]
"How did one county borrow more than the Budget of the entire state for ten years running?"*
Derivatives! Reply
Munis in the Crosshairs [view article]
How did one county borrow more than the Budget of the entire state for ten years running? Surely you meant Billion not trillion. This is hardly a small mistake and kinda makes me not want to read the rest of the article even though you are probably dead on. ReplyMunis in the Crosshairs [view article]
Not surprising, but a horror show just the same. I think the county,city, state problems will be serious and intractable since the Chapter 9 proceedings are way out of date, fairly narrow, and require a heroic judge to put into force. The bigger point is who gets hurt? I suspect they are just the income maximizing folks who avoiding, "risk" and found it in spade. The local governments are managed by idiot politicians who are advised by crooks, and counseled by second rate lawyers. They never had a change. Replyheit
Municipal Bond ETFs and Closed-End Funds [view article]
fptOn Sep 01 05:46 PM DaleT wrote:
> 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? Reply
ETF Update: Healthcare Has a Heartbeat; A Good Time for Muni-Bond ETFs? [view article]
Healthcare is the latest fad. When budgets get stretched and jobs are lost (insurance therewith), healthcare will not prove immune to cost pressures. The industry is bloated and inefficient. Half of all the money spent on health care in this country is wasted in the insurance industry. Not a good sector to invest in. ReplyETF Update: Healthcare Has a Heartbeat; A Good Time for Muni-Bond ETFs? [view article]
You missed PVI, which I happen to like because it's less volatile and has a better yield than a MMA.~X~ Reply
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
Municipal 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 SMB
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? Reply