Capital gains are rare in the ETF space, but there are always some.

The White House is still not decided.This was "prime time" for the blue wave conversations entering the bond market.Municipal bonds aren't hurt as much as they are not helped.A second stimulus bill that would include additional aid for state and local governments will be harder to come by with the House and Senate in control of different parties.The higher income taxes that we assume will be coming under either Biden or Trump would come faster under Biden but are less likely with a divided Congress.

SPDR Nuveen Barclays Municipal Bond ETF (TFI) - $0.0831.30-Day SEC Yield of 0.77% as of Sept.30.Payable Oct 07; for shareholders of record Oct 02; ex-div Oct 01.

In U.S. high yield bonds we find the riskiest of credits.I have some concerns about municipal bonds and am particularly concerned about municipal pension bonds.Our 'Borrower's Paradise' is also good news for many leveraged ETFs and closed-end funds.

Municipal bonds are illiquid and tax-exempt and thus well targeted at very wealthy high-income individuals who face high tax rates.Given the racial disparity in wealth, it would be astounding if the disparity in municipal bond holding were not very large as well.To forestall a bankruptcy, you do not just lend money for current operations - you end up taking on past debts.

Municipal defaults and bankruptcies remain rare overall, even though they may have become more common over the last 10 years.At the end of 2019, the median rating for U.S. municipal credits had risen to Aa2 (2018: Aa3).We still believe that municipal bonds remain important to the core strategy of constructing an individual portfolio.

The spike in Netflix comes a day after investors sent the stock down 2% following a mixed earnings report earlier in the week.

Jan 23- Comcast Corp on Thursday beat Wall Street's revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film "Cats" bom

House managers seized on Trump's recent comments about the case, boasting in Davos, Switzerland, that "honestly, we have all the material. They don't have the material."

Comcast CEO Brian Roberts joins "Squawk Box" to discuss the company's quarterly results. Comcast is the parent company of CNBC.

Comcast, CNBC's parent company, reports fourth-quarter earnings before the opening bell. CNBC's "Squawk Box" team breaks down the results.

The Philadelphia- based cable company reported fourth-quarter revenue of $28.4 billion, beating the Wall Street consensus estimate of $28.17 billion, according to IBES data from Refinitiv. Comcast continued to lose cable TV subscribers as viewers flocked to st

U.S. stock index futures fell on Thursday morning.