Municipal Bonds Are Soaring. So Are 3 VanEck ETFs May 10, 2021
For seven straight months, fixed income investors turned to municipal bonds over Treasuries, putting the spotlight on three VanEck ETFs investors can consider.
“America’s municipal bonds are staging their longest winning streak against Treasuries in seven years,” said a Bloomberg article.
“State and local debt has benefited from a surge of cash in 2021 that’s showed no signs of letting up, with President Joe Biden’s plans for higher taxes on the wealthy catalyzing demand for the bonds that pay tax-free interest,” the article added. “That flood of money has helped municipal returns’ beat Treasuries for seven straight months through April, with state and local debt posting a gain of 0.8% last month, according to Bloomberg Barclays indexes.”