KBRA assigns a AA, Stable Outlook to University of North Texas System Board of Regents Revenue Financing System Refunding and Improvement Bonds Series 2025A and RFS Taxable Refunding and Improvement Bonds Series 2025B. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
KBRA resolves the Watch Downgrade placed on the rating of the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds on January 16, 2025 and assigns a long-term rating of AA to the Power System Revenue Bonds, 2025 Series A, and Power System Revenue Bonds, 2025 Series B. The rating on outstanding Power System Revenue Bonds is affirmed at AA.
KBRA assigns a long-term rating of AA+ to the City of New York, NY Tax-Exempt General Obligation Bonds, Fiscal 2025 Series G Subseries G-1; Taxable General Obligation Bonds, Fiscal 2025 Series H; and Tax-Exempt General Obligation Bonds Fiscal 2012 Series D, Subseries D-3A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District: Election of 2024, General Obligation Bonds, US Series A; Election of 2024, General Obligation Bonds, US Series B Federally Taxable; and, 2025 General Obligation Refunding Bonds, Series A. KBRA additionally affirms the long-term rating of AAA for the District's outstanding General Obligation Bonds.
New offering builds on the S&P Global Market Intelligence Parity Platform to deliver enhanced insights and pre-sale investor outreach capabilities to municipal finance teams. BondLink, the leading cloud-based investor relations and debt management platform for the municipal bond market, is excited to announce the launch of Parity Plus in collaboration with S&P Global Market Intelligence.
WTMU and WTMY utilize a time-tested bond investment strategy to leverage the diverse opportunities in the municipal bond market WisdomTree, Inc. (WT), a global financial innovator, today announced the launch of the WisdomTree Core Laddered Municipal Fund and WisdomTree High Income Laddered Municipal Fund on the Nasdaq, with expense ratios of 0.25% and 0.35%, respectively.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on May 1, 2025 to shareholders of record at the close of business on April 16, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a long-term rating of AA+ to the State of Connecticut: General Obligation Bonds; General Obligation Refunding Bonds; and, Taxable General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the Allegheny County Airport Authority, PA Airport Revenue Bonds, Series 2025A and Airport Revenue Bonds, Series 2025B, and affirms the A+ rating and Stable Outlook on outstanding Airport Revenue Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
The following Eaton Vance closed-end funds announced distributions today as detailed below. ?. Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price ? 3/31/25 Distribution Rate at Market Price Eaton Vance California Municipal Bond Fund. EVM. $0.0417. - $9.27. 5.40% Eaton Vance Municipal Bond Fund. EIM.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of April 2025. Portfolio and municipal market commentary will be published on or around April 1, 2025 and can be retrieved here.
KBRA assigns a long-term rating of AA+ to the City of Pflugerville, TX Combination Tax and Limited Revenue Certificates of Obligation, Series 2025 and Limited Tax Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
BlackRock Advisors, LLC announced today the launch of BlackRock Municipal Credit Alpha Portfolio, Inc., expanding its suite of interval funds providing alternative investment solutions for retail wealth clients. The Fund seeks to provide attractive after-tax total return, through income and capital appreciation, by investing in municipal securities.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Dynamic Fixed Income ETF Incorporates Global Trends with Quantitative Strategy Cambria Investment Management, an independent, privately owned investment advisory firm and ETF provider focused on quantitative asset management and alternative investments, today announced that the Cambria Fixed Income Trend ETF has begun trading on the CBOE BZX Exchange.
KBRA assigns a short-term rating of K1+ to the Triborough Bridge and Tunnel Authority Payroll Mobility Tax Bond Anticipation Notes, Subseries 2025B-1 and a long-term rating of AA+ with a Stable Outlook to the TBTA PMT Bond Anticipation Notes, Subseries 2025B-2.
KBRA assigns a long-term rating of AA+ to the County of Buncombe, NC Refunding Limited Obligation Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
KBRA assigns a long-term rating of AAA to the State of Oregon Department of Administrative Services Oregon State Lottery Revenue Bonds, 2025 Series A and 2025 Series B. The Outlook is Stable. Concurrently, KBRA affirms the long-term rating of AAA and Stable Outlook on outstanding parity bonds.
KBRA has assigned a long-term rating of A+, with a Stable Outlook, to Colorado Statewide Bridge and Tunnel Enterprise Senior Infrastructure Revenue Bonds, Series 2025A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AA to the State of Louisiana General Obligation Bonds, Series 2025-B and affirms the long-term rating of AA for the State's outstanding General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AAA with a Stable Outlook to the Dormitory Authority of the State of New York State Personal Income Tax Revenue Bonds Series 2025A and State Personal Income Tax Revenue Bonds Series 2025B. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
Baird Municipal Bond, Baird Strategic Municipal Bond Recognized. Baird Advisors? commitment to delivering consistent competitive returns for clients has again been recognized by LSEG Lipper. Both Funds are co-managed by Lyle Fitterer, CFA, Duane McAllister, CFA, Erik Schleicher, CFA, Joe Czechowicz, CFA and Gabe Diederich, CFA.
KBRA assigns a long-term rating of AA to the Alaska Municipal Bond Bank Authority General Obligation and Refunding Bonds 2025 Series One and 2025 Series Two.
KBRA assigns a long-term rating of AA- to the City of Austin, TX Airport System Revenue Refunding Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
The Board of Directors of BNY Mellon Municipal Income, Inc., a registered closed-end fund, approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund, a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund.
Provides ETF investors with access to the firm?s award-winning1 national high yield municipal bond strategy. Today, Macquarie Asset Management expanded its active exchange-traded fund platform with the launch of Macquarie National High-Yield Municipal Bond ETF (HTAX). This new ETF aims to maximize return with an income-driven, risk-controlled approach and a research-driven investment process.
KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2025 Series 1 to be issued by the State of Wisconsin. Proceeds of the 2025 Series 1 Bonds will current refund all or a portion of certain outstanding TRBs for debt service savings and pay costs of issuance. Key Credit Considerations Credit Positives. Credit Challenges.
KBRA assigns a short-term rating of K1+ to the Triborough Bridge and Tunnel Authority Payroll Mobility Tax Bond Anticipation Notes, Series 2025A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on April 1, 2025 to shareholders of record at the close of business on March 18, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of March 2025. Portfolio and municipal market commentary will be published on or around March 3, 2025 and can be retrieved here.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
KBRA assigns a AAA rating, with a Stable Outlook to the State of Wisconsin's General Obligation Bonds of 2025, Series A. Proceeds will be used by the State for various governmental purposes for which public debt may be issued.
KBRA assigns a long-term rating of AA+ to the City of New York, NY General Obligation Bonds Fiscal 2025 Series E, Fiscal 2025 Series F, and Fiscal 2006 Series I, Subseries I-6.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Illinois, Build Illinois Bonds, Junior Obligation Series A, B, and C of March 2025. KBRA?s Stable Outlook reflects the ample coverage of junior obligation debt service, supported by a broad-based, statewide source of sales tax revenues.
KBRA upgrades the long-term rating for the State of Alaska General Obligation Bonds to AA+, from AA. KBRA simultaneously assigns a long-term rating of AA to the Matanuska-Susitna Borough State of Alaska Lease Revenue Refunding Bonds, Series 2025A and Series 2025B.
KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2025 General Obligation Refunding Bonds; 2025 General Obligation Refunding Bonds; 2025 General Obligation Refunding Bonds; 2025 General Obligation Refunding Bonds; 2025 General Obligation Refunding Bonds; 2025 General Obligation Refunding Bonds.
KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series A of 2025 and Turnpike Revenue Refunding Bonds, Second Series of 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Demand for enhanced sweeps session-based protocol for corporate bonds increases in Fourth Quarter Intercontinental Exchange (ICE), a leading global provider of technology and data, today announced record 2024 trading volume for corporate bonds, municipal bonds and agencies trading on ICE Bonds.
Marks completion of the conversion of the BlackRock High Yield Municipal Fund into the iShares High Yield Muni Active ETF Today, BlackRock (BLK) announced the conversion of the BlackRock High Yield Municipal Fund into an active ETF, creating the iShares? High Yield Muni Active ETF.
KBRA assigns a long-term rating of AA to the State of Louisiana General Obligation Refunding Bonds, Series 2025-A and affirms the long-term rating of AA for the State's outstanding General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AA-, with a Positive Outlook to the Miami-Dade County Aviation Revenue Bonds, Series 2025A, Series 2025B and Series 2025C. The Positive Outlook reflects Miami International Airport?s improving financial profile, underpinned by continuing, very strong growth in domestic and international passenger traffic.
KBRA assigns a AAA rating, with a Stable Outlook to the State of Wisconsin's General Obligation Refunding Bonds of 2025, Series 3 and G.O. Refunding Bonds of 2026, Series 1. Proceeds of 2025, Series 3 will be used by the State to purchase certain outstanding G.O. bond maturities tendered by invited bondholders under a January 24th Invitation to Offer to Tender Bonds.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on March 3, 2025 to shareholders of record at the close of business on February 19, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
?. Certain BlackRock closed-end funds announced distributions today as detailed below. Municipal Funds: Declaration- 2/3/2025 Ex-Date- 2/14/2025 Record- 2/14/2025 Payable- 2/26/2025. Notes: MUI?s distribution payable to shareholders will be paid in cash. Declaration- 2/3/2025 Ex-Date- 2/14/2025 Record- 2/14/2025 Payable- 3/3/2025.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of February 2025. Portfolio and municipal market commentary will be published on or around February 3, 2025 and can be retrieved here.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
KBRA assigns a AA+, Stable Outlook to Texas Tech University System Board of Regents Revenue Financing System Refunding and Improvement Bonds Series 2025A and RFS Refunding and Improvement Bonds Taxable Series 2025B to be issued on behalf of the Texas Tech University System. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives.
KBRA assigns a long-term underlying rating of AAA with a Stable Outlook to the Round Rock Independent School District?s Series 2025B Unlimited Tax School Building Bonds.
KBRA assigns a long-term rating of AA- to the Triborough Bridge and Tunnel Authority Subordinate Revenue Bond Anticipation Notes, Series 2025A. Concurrently, KBRA affirms the AA rating and Stable Outlook on TBTA General Revenue Bonds, and the AA- rating and Stable Outlook on TBTA Subordinate Revenue Bonds.
KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2025A and Sales Tax Revenue Bonds, Refunding Series 2025B. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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