PMX

Stocks That Hit 52-Week Highs On Thursday

    This morning 158 companies set new 52-week highs.

Stocks That Hit 52-Week Highs On Monday

    Monday's morning session saw 49 companies set new 52-week highs.

PIMCO Municipal Income Fund III declares $0.046 dividend

PIMCO Municipal Income Fund III (PMX) declares $0.046/share monthly dividend, in line with previous.Forward yield 4.36%Payable June 1; for shareholders of record May 13; ex-div May 12.See PMX Dividend Scorecard,

Trading at 369% Premium, New Crypto Fund Astounds Even Bulls

While Bitcoin was clinching an almost 200% rally that took it above $20,000 for the first time on Wednesday, a more eye-popping manifestation of the crypto craze emerged this week.

Canada’s CI Financial Completes $72 Million IPO of Bitcoin Fund

Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.

Muni Bond Perspectives On The 2020 Election

In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments.Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large impact on municipal bonds.We think it is unlikely we'll see any additional aid ahead of the election, but post-election we think the potential rises, particularly if Democratic nominee Joe Biden wins in the US presidential race.Regardless of the November election outcome, we are prepared to take advantage of any changes to the muni bond market where we see potential investment opportunities.

Weekly Closed-End Fund Roundup: October 4, 2020

22 out of 23 CEF sectors positive on price and 17 out of 23 sectors positive on NAV last week.Markets rebound, led by commodities.MLPs are the highest-yielding CEF sector.

Muni Bonds Turn Toward The Election

While most polls have Vice-President Biden ahead by 6-7% points, we know the race has the potential to be much closer.A higher marginal rate should also flatten the muni yield curve over time as the demand for longer-dated paper increases because of the benefits it provides on a taxable equivalent yield.More fiscal stimulus, more deficits, and an immediate infrastructure program are all strong possibilities if we get the Blue Wave that sweeps the White House, House, and Senate all into the Democratic column.