According to estimates. the institutions decreased their municipal-debt holdings by nearly $6 billion in the second quarter.
Lending to state and local governments has surged since the financial crisis.
Need Deck<i>InvestmentNews</i> Research sorts exchange-traded funds by returns, flows and trading volume.
Smart Saver intends to help investors use extra cash to take advantage of rising interest rates.
Agency says Core Performance Management and RMR Asset Management Co. misrepresented their identities to snap up newly issued bonds.
Fund has lost 7% so far this year after Gross made a bad bet on rates on U.S. Treasuries and German bunds.
Agreement comes on the heels of a deal struck with power company bondholders last month.
But CEO says equity bull market could continue another two to three years.
Dynasty Financial Partners the latest to join MaxMyInterest.
Municipal bonds have outperformed Treasuries and corporates this year.
Supply-demand imbalance has boosted munis so far this year.
As banks sell munis, and the Fed hikes rates, supply and demand take over.
Finra panel says firm and broker are liable for damages, interest, fees and costs.
As seniors flock to live near universities, Purchase College in New York is developing a retirement community.
Withdrawals came as his fund posted the worst performance among its peers.
The Treasury 10-year yield could test support at 2.75% this week as investors seek the safe haven of government debt
Eurodollar futures, Fed funds futures confirm sobering reality that U.S. is fast approaching end of economic expansion.
Gold, a traditional safe haven, has declined in recent months, damaged by the strengthening dollar.
The vast majority of the funds have posted a loss this year, pressured by the rising cost of leverage.
Accurate estimates of expenses show net returns on taxable bonds in AUM accounts at today's interest rates are depressingly low.
