Supply Constraints Help Municipal Bond ETFs
June 24, 2019 at 12:43 PM EDT
Municipal bonds and related muni bond exchange traded funds are benefiting as U.S. states and cities cut back on new issues. For example, the VanEck Vectors AMT-Free Intermediate Municipal Index ETF (CBOE: ITM) is up nearly 5% this year. Municipal debt and bond-related exchange traded funds have...