Q2 in Review – A Tale of the Bipolar Bond Market

bonds

Dictionary.com defines “bipolar” as “characterized by opposite extremes.” In searching for a word to describe the bond market’s behavior during the second quarter of 2013, bipolar seems rather appropriate. In terms of yields, the 30-year U.S. … [Read more...]

What Bond Fund Flows Tell us About Municipal Bonds

municipal bond fund flows

I was researching bond mutual fund flows earlier this week, and I came across a nice time series from the Investment Company Institute.  It breaks out monthly municipal bond fund flows going back to 2007. What is mutual fund flow data? Flow data … [Read more...]