SPDR Nuveen S&P High Yield Municipal Bond ETF

HYMB tracks a market-value-weighted index of high-yield and investment grade fixed-rate municipal US bonds with at least a year to maturity.

HYMB aims to replicate the performance of the Bloomberg Municipal Yield Index. HYMB currently has 1,777 holdings, showcasing its extensive diversification. The majority of bonds still have some degree of credit risk, but less so that high yield corporate bond funds.

HYMB: Solid For A High Yield Muni Fund

HYMB offers a tax-exempt 4.4% dividend yield, making it potentially attractive for investors in higher tax brackets. It offers few other benefits. An overview of the fund follows.

HYMB: High-Yield Municipal Bond ETF, Growing 4.4% Yield

The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF offers a high tax-equivalent yield of 7.9% but takes on significant risk by investing in junk and non-rated municipal bonds. Economic turmoil and a potential recession could lead to increased defaults in the high-risk municipal bond market, making the slightly higher yield not worth the risk. I rate HYMB a Sell.

HYMB: It's Not The Time For Junk Munis

HYMB: An After Tax Yield Worthy Of A Second Look

A reader asked for my thoughts on HYMB. HYMB is a simple high yield municipal bond index ETF.

HYMB: Municipal Bond Index ETF, Growing 3.8% Yield

Materials Select Sector SPDR Fund

Materials and high-yield muni bonds ETFs traded with an outsized volume on Tuesday.

2 ETFs to Watch for Outsized Volume on Materials & High-Yield Muni Bonds

VanEck High Yield Muni ETF

Blackrock High Yield Muni Income Bond ETF

Speculative-grade municipal bond-related exchange traded funds have taken a beating, with high-yield munis on pace for their worst year since 2008. Year-to-date, the VanEck Vectors High Yield Muni ETF (HYD) declined 10.8%, the SPDR Nuveen S&P High Yield Municipal Bond ETF (NYSEArca: HYMB) decreased 11.0% and the BlackRock High Yield Muni Income Bond ETF (HYMU) [.

High-Yield Muni Bond ETFs Are Having a Rough Time

Invesco Senior Loan ETF

iShares iBoxx High Yield Corporate Bond ETF

iShares Core S&P 500 ETF

iShares Russell 2000 ETF

Invesco QQQ

SPDR Portfolio Intermediate Term Corporate Bond ETF

SPDR S&P 500 ETF Trust

iShares Short-Term National Muni Bond ETF

iShares 20+ Year Treasury Bond ETF

Investors were overall net purchasers of fund assets (including those of conventional funds and ETFs) for the eighth week in a row. Market volatility was on a roll during the fund-flows week.

U.S. Weekly FundFlows Insight Report: Investors Pile Into Treasury, Flexible, And High-Yield Funds And ETFs For The Flows Week

Ares Dynamic Credit Allocation Fund

Invesco BulletShares 2023 High Yield Corporate Bond ETF

First Trust TCW Opportunistic Fixed Income ETF

Hartford Municipal Opportunities ETF

First Trust Tactical High Yield ETF

JPMorgan High Yield Research Enhanced ETF

Invesco KBW Premium Yield Equity REIT ETF

PIMCO Enhanced Short Maturity Active ETF

Virtus Newfleet Multi-Sector Bond ETF

Virtus InfraCap U.S. Preferred Stock ETF

WisdomTree CBOE S&P 500 PutWrite Strategy Fund

Global X NASDAQ 100 Covered Call ETF

Virtus Seix Senior Loan ETF

Global X SuperDividend REIT ETF

 SPDR Blackstone Senior Loan ETF

Vanguard Short-Term Corporate Bond ETF

Vanguard Mortgage-Backed Securities ETF

Vanguard Real Estate ETF

Global X S&P 500 Covered Call ETF

In counter-cyclical investing, we want to buy CEFs when discounts are wide and sell them when discounts are tight. The problem we run into is that when we swap, we give up the upside of the NAVs should the bull market continue. We also give up higher income streams.

Swap Options For Reducing Discount Risk And Not Sacrificing A Ton Of Yield

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

BlackRock MuniAssets Fund

Nuveen Quality Municipal Income Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal Credit Income Fund

Invesco Municipal Income Opportunities Trust

"High-yield" tends to be associated with corporate credit in investor income portfolios. However, the high-yield/unrated municipal sector is also worth a look. We discuss some benefits of HY muni bond CEFs over their corporate analogues such as relative valuation, higher-quality fund portfolios, resilient leverage structures and more.

HY Munis Worth A Look Vs. HY Corporate Credit Right Now

Franklin Municipal Green Bond ETF

VanEck Vectors Long Muni ETF

Xtrackers Municipal Infrastructure Revenue Bond ETF

In the U.S. bond markets, municipal debt is seen as some of the most stable given that they’re backed by local governments albeit at lower-than-junk yields as most would expect.

The Coronavirus is Bringing Some Unforeseen Volatility to Munis

Why Closed-End Bond Fund NAVs Are Down So Much

The appetite for bonds has definitely reached a fervent pace amid the volatility thanks to the coronavirus outbreak.

Even with Low Yields, Investors Are Still Hungry for Municipal Bonds

With equities enduring a pounding due to the COVID-19 outbreak, it’s not surprising that safe-haven plays are thriving. One group that’s really thriving are municipal bonds and the related ETFs.

Shelter From The Storm And Yield With This Bond ETF

Treasury yields have been ticking higher with the major indexes in the equities market notching record highs.

Municipal Bond Activity Rises in November

Aside from the 30-year note, benchmark Treasury debt been giving investors less than a 2% yield as a result of a deluge of investors piling into safe haven assets as of late. However, one area of the bond market where they can look is high yield municipal bonds.

Yield-Starved Investors Can Look to Opportunities in Municipal Bonds

Muni bond ETFs may see a check in its rally as more supplies are ready to be added in order to tap low interest rates and high demand.

News for SPDR Nuveen S&P High Yield Municipal Bond ETF ETF (HYMB)