State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) — ()
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HYMB: Prefer Duration Without High-Yield Complication
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Sentiment: Positive ()
HYMB offers a high yield but exposes investors to significant credit and transmitting duration risk, especially with some initial recessionary flashes from the jobs data. Strong Q2 demand for municipal …
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HYMB: An Interesting Alternative For Tax-Free Income
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Sentiment: Positive ()
Muni bonds have recently declined, but HYMB offers a compelling 4.5% tax-free yield, making it an option for parking cash. HYMB's lack of leverage reduces risk, especially if interest rates …
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About State Street SPDR Nuveen ICE High Yield Municipal Bond ETF HYMB
The State Street SPDR Nuveen ICE High Yield Municipal Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE US Select High Yield Crossover Municipal IndexThe Index is market capitalization-weighted and designed to measure the performance of lower-rated (A3/A+ or lower) and unrated U.S. dollar-denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states, U.S. territories and their political subdivisionsThe Index is rebalanced and reconstituted on the last calendar day of each month