Mixed messages from the Fed and middling economic data kept Treasury yields in a tight trading range throughout August.
Investors in bank loans may benefit if Libor continues to rise.
Foreign demand has helped drive Treasury yields lower and support prices over the past year.
Slow growth and negative interest rate policies have created an environment where it is difficult for bond investors to find value.
Improvement in economic data will need to exhibit greater consistency to exert meaningful upside pressure to bond yields.
Broad market strength and demand for yield have driven the strength in high-yield municipal bonds.
Populist ideology is certainly not new and prior historical episodes share similarities with today’s movements.
It’s not about election years, or even political parties—but about investing for the long run.
High-quality bond strength is unlikely to fade soon, if history is a guide.
Municipal bonds have dodged a seasonally weak June period, with notable gains so far in June 2016.