Bond yields are being pressured again after Switzerland’s central bank removed its franc currency cap against the euro, throwing the markets into turmoil and pushing investors into safe-haven assets.
Fixed-income investors are still rushing into muni debt. According to Lipper U.S. Fund Flows data, investors funneled $1.34 billion into muni funds in the week through Jan. 7, the most in two years. Over the same period, MUB attracted $55 million in net assets, according to ETF.com data.
iShares National AMT-Free Muni Bond ETF
For more information on the munis market, visit our municipal bonds category.
Max Chen contributed to this article.