Fixed Income

Kanye West knows a thing or two about volatility.

Since last September, the Fed has set the amount of its monthly purchases of Treasuries at $80 billion and mortgage-backed securities at $40 billion to help the economy heal from the coronavirus.

Blackrock is changing the underlying indexes of the increasingly popular municipal bond ETFs with potential exposure to higher quality bonds and a broader selection of issuers.

Equitizing maturing principal in municipal bond ETFs may boost yields.

Many pension-saver clients are abandoning the formula -- particularly the 40% bond component.

Fed officials have said “fits and starts” in the economy are to be expected given the unprecedented nature of the pandemic.

The Fed's purchase of $8.6 billion in bond ETFs was paltry compared to the greater $1 trillion ETF marketplace.

More than a dozen municipal bond ETFs each gathered over $100 million of net inflows year to date, highlighting a diversity of popular offerings. The subcategory gathered $8.6 billion of new money and is on pace to exceed 2020’s flows.

The U.S. central bank accumulated roughly $8.6 billion worth of bond exchange-traded funds in 2020 as it worked to backstop markets amid a quickly descending pandemic.

The Fed plans to start the process with ETFs -- with the selling of corporate bonds to begin later in the summer. The aim is to complete the exercise by the end of the year.