Core Insights - The Vanguard California Tax-Exempt Bond ETF (VTEC) has achieved $1 billion in year-to-date inflows, which is significant given its niche focus compared to larger funds like the Vanguard Total Bond Market ETF (BND) [1] - Inflows into VTEC increased in April 2025 as demand began to outpace heavy supply in the municipal bond market, aided by California munis' role in rebuilding efforts after the Los Angeles wildfires [2] Fund Characteristics - VTEC tracks the S&P California AMT-Free Municipal Bond Index, providing exposure to the investment-grade California municipal bond market through a sampling technique that aligns with key benchmark characteristics [3] - The fund primarily invests in fixed income securities that are exempt from federal and California state income taxes, making it attractive for California residents seeking tax-free income [4] Broader Market Context - The municipal bond market has garnered attention due to strong credit fundamentals and competitive yields, with federal tax-free income being a key feature [5] - Vanguard offers additional municipal bond options, including the Vanguard Tax-Exempt Bond ETF (VTEB), which tracks the Standard & Poor's National AMT-Free Municipal Bond Index, providing exposure to various state or local government debt [5] Tailored Investment Options - Vanguard provides three tailored options for investors looking for exposure across the yield curve: 1. Vanguard Short-Term Tax-Exempt Bond ETF (VTES) [8] 2. Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) [8] 3. Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) [8]

JPMorgan Asset Management is seeking to convert two municipal-bond mutual funds with over $840 million of assets into ETFs in 2026, underscoring the growing popularity of the products https://t.co/fa8xYU1AFw ...

Strategists in the municipal bond market are mostly predicting local governments will sell as least $600 billion of debt in 2026 https://t.co/5Pf1DtpLrs ...

Market Trends & Industry Dynamics - Municipal (Muni) funds are being converted into ETFs or replicated by new ETFs, indicating a shift in investment vehicles [1] - Approximately 50% of municipal assets are now held in ETFs, a significant increase from about 1% fifteen years ago [2] - Companies like Fidelity and Franklin Templeton are participating in the municipal fund to ETF conversion trend [3] Investment Opportunities & Demand - Strong demand for ETFs exists from both retail and institutional investors due to lower costs and higher liquidity [4] - Municipal bonds experienced their best month in October since 1990, driven by strong supply and demand technicals [4][5] - Historically, November has been a strong month for municipal bond performance, and this trend is expected to continue due to lower new supply [5]

Fortress plans to sell two resorts on St. Thomas through a deal that will be financed by municipal bonds, and which will allow the territory to ultimately acquire the property https://t.co/1P4lAzMQz5 ...

Let's bring in Dan Close, the head of municipals over at New. Dan, thank you very much for being here. Now, we always talk about general obligation revenue.This is a true revenue kind of bond situation developing. What exactly are sales tax bonds and why are MUN investors keying more on them these days. And >> thanks for having me on the exchange, Tom.I always love coming back here and talking munis. So, when you're going to the mall on Black Friday, you're going in and buying on Cyber Monday and you're swi ...

What do we learn about what's happening here. Why is the United pulling these issues. Yeah.So first of all, thank you so much for having me. And yeah, this week we saw that United was coming to the municipal bond market with an around $522 million deal. So the debt was issued by Houston.But on behalf of United Airlines and those bonds, we're going to fund a variety of different projects at the airport, as well as a refinancing. And so the debt was supposed to price on Tuesday. And we heard on Wednesday that ...

SCARLET: WELCOME TO "ETF IQ." I AM SCARLET FU. KATIE: AND I AM KATIE GREIFELD. SCARLET: KATIE: LET'S GET TO THE BIGGEST STORIES RIGHT NOW.STOCKS WAVERING AS THEY PREPARE FOR NVIDIA EARNINGS AND THE DELAYED JOBS REPORT SET TO BE RELEASED LATER THIS WEEK. SCARLET: WE WILL SPEAK TO JOHN MAIER OF JPMORGAN ASSET MANAGEMENT ON THE FOURTH QUARTER GUIDANCE ON ETF'S. KATIE: PROJECT GRAYSCALE TESTS THE MARKETS AS IT FILES.ALL THAT AND MORE COMING UP. ERIC BALCHUNAS IS HERE WITH US NOW LOOKING AT THE FLOWS. WHAT HAVE ...

Investors and dealers are trading municipal bonds at a record pace this year, driven by strong government sales and a burst of volatility tied to tariffs and interest rate moves https://t.co/V5ctkw9p4G ...

Municipal Bond Market Overview - The municipal bond market saw $16 billion in proposals on the ballots this year, a smaller amount compared to the $80 billion during the presidential election year [1] - The market is experiencing heavy supply, with municipalities, airports, and transportation agencies issuing significant deals, leading to an almost 13% increase in supply compared to the same period last year [4] - There's a substantial need for infrastructure investment across the country [4] Denver, Colorado Bond Approval - Denver, Colorado had a $950 million bond package approved by voters [2] - Denver will use the $950 million to fund infrastructure projects, fix gardens, and build new cultural centers [2] - The mayor of Denver emphasized the importance of this vote due to falling federal funding and economic uncertainty, enabling the city to address critical infrastructure needs [2] Voter Sentiment and Macroeconomic Factors - Despite general approval of such proposals, macroeconomic changes and financial uncertainty might be influencing voters' decisions [6] - It was surprising to see $12 billion approved, given potential voter hesitancy due to economic concerns [6] Future Market Focus - Airports and transit agencies will be a key focus for infrastructure investments [5] - Monitoring how schools, transit agencies, and hospital systems utilize these bonds for projects is crucial [5]