Municipal bonds managed to notch a 14th positive month despite a supply spike and rate hike speculation. BlackRock’s Municipals Team remains constructive, but advises looking to income to drive future returns.
The global economic backdrop suggests yields on high-quality bonds are likely to stay low for longer, making it imperative that investors looking for a more attractive return stream expand their horizons.
U.S. water systems are in dire need of improvement, with contamination issues in Michigan and New Jersey highlighting the necessity. BlackRock Municipal Credit Research analysts discuss this and more in their semi-annual commentary.
Market volatility may have abated for now, but that shouldn't leave investors shunning tools to help manage it. Russ Koesterich explains a handful of ways investors can look to minimize gyrations within their portfolios.
Municipal bonds emerged as the top-performing fixed income asset class of 2015. With many of the underlying drivers still in place, Peter Hayes and Sean Carney discuss what investors might expect in 2016.
While the Fed has provided a clearer path for U.S. rates, the scenario of low global rates for longer is not expected to change any time soon. Negative credit rating actions on the asset class remain a concern but the risks are more fairly priced in, and the impact of a stronger dollar varies according to whether EM nations are commodity exporters or importers.
The municipal bond market posted a return above 9% in 2014, as the stars aligned in spectacular fashion for the asset class. Peter Hayes, Head of the BlackRock Municipal Bonds Group, offers his outlook for 2015.