• Blog

    Muni Nation

    February 18, 2014

    Puerto Rico News – All Day, All The Time

    by Jim Colby, Portfolio Manager

    It is difficult I believe to imagine that there is an investor who has no opinion on recent events affecting the Commonwealth of Puerto Rico. The actions recently taken by the three leading bond rating agencies to move the ratings of certain Puerto Rico issues to below inves...

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    Muni Nation

    February 06, 2014

    Turning The Page

    by Jim Colby, Portfolio Manager

    There is almost nothing more familiar to many generations young and old than the symbolic if not physical act that comes with the crossover into a new year. We are now into 2014 and...during the first half of January we saw a significant turnaround in the performance of muni...

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    Muni Nation

    January 21, 2014

    Shorten Up for Rising Rates

    by Jim Colby, Portfolio Manager

    This past Tuesday we launched SHYD Market Vectors Short High-Yield Municipal Index ETF. SHYD seeks to track an index that only includes bonds with 1-10 years until maturity. The focus on this maturity range has generally meant lower duration or sensitivity to changes in inte...

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    Muni Nation

    December 11, 2013

    The discounts at which municipal bond closed-end funds are currently trading are deeper now than when they briefly plumbed fresh lows back in early August 2011. They have continued to widen inexorably since early March of this year. The weighted average discount of the under...

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    Muni Nation

    November 21, 2013

    Death and Taxes

    by Jim Colby, Portfolio Manager

    Less than six weeks remain in 2013. To paraphrase the Chinese proverb we have certainly lived through a year of interesting times. That being said some savvy municipal bond market investors have not been deterred from taking advantage of a tax-loss harvest opportunity that h...

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