PZA

Q1 2024 Credit Commentary - Will This Be The Year Credit Trends Reverse?

Muni yields have followed Treasury yields up and are expected to increase in the summer. The collapse of the Francis Scott Key Bridge is expected to have wide-ranging effects on the U.S. Economy. Interest rates and inflation are still up, but the Fed appears to be moving away from rate cuts. Moody's downgrades the Maryland Transportation Authority's Aa2 rating.

Weekly Report: what happened at PZA last week (0408-0412)?

Municipal Issuance Eclipsed Expectations

Mortgage bonds posted marginally negative performance and lagged Treasuries in March. The S&P Municipal Bond Index returned -0.02%. Lower-rated credits and the 15-year part of the yield curve performed best. Continued seasonal headwinds warrant patience and caution in April.

Weekly Report: what happened at PZA last week (0401-0405)?

Weekly Report: what happened at PZA last week (0325-0329)?

Q1 2024 Total Return Municipal - Munis Enjoy A Strong First Quarter

Weekly Report: what happened at PZA last week (0318-0322)?

U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Largest Weekly Net Inflows Since Dec. 20, 2023 For Fund Flows Week

Investors were net sellers of fund assets for the first week in four, redeeming a net $49.8 billion for the LSEG Lipper fund-flows week ended March 20, 2024. Equity ETFs witnessed net inflows for the fourth consecutive week, taking in $19.0 billion. U.S. Stocks rose on Wednesday, March 20 after the Federal Reserve Board left interest rates unchanged.