Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Q&A With Peter Hayes, Co-Manager, BlackRock Strategic Municipal Opportunities Fund
FYI: he past year has meant a wild ride for investors in municipal bond funds. Between September 2015 and this past October, municipal bond funds had 54 straight weeks of inflows, with investors pouring some $68 billion into them. Muni fund owners were rewarded handsomely: In the first six months of 2016, the BlackRock Strategic Municipal Opportunities fund returned 4.7 percent, for example. The 10-year yield on the AP Municipal Bond index, which moves inversely to bond prices, hit a low of 1.69 percent in July. Then the bear came out roaring. Regards, Ted http://www.usatoday.com/story/money/personalfinance/2016/12/13/fund-manager-q-what-should-muni-bond-investors-do-now/95322702/
