Muni Buyers Pin Hopes on ‘January Effect' as Bond Payments Hit [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
But when it comes to state and local government debt, at least, investors have one reason to think January will be better. Most Read from Bloomberg That's because municipal bonds tend to do well at the start of the year — predictably enough that it's become known as the January effect. At root is simple supply and demand: after the year-end holidays, government agencies tend to get a slow start on selling new bonds just as investors have interest and principal payments that they typically seek to invest. It is happening again this year with investors poised to have nearly $43 billion in muni-bond payments to potentially roll into new debt, according to data compiled by Bloomberg Intelligence, far eclipsing the roughly $9 billion of securities that are slated to be sold over the next 30 days. “You're sitting on this pile of cash that you need to invest and since supply is lower than expected, you're forced to buy what's out there and that effectively helps the market,” Mikhai
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- Muni Buyers Pin Hopes on ‘January Effect' as Bond Payments Hit [Yahoo! Finance]Yahoo! Finance
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- Bank Bull Run Seen Thundering Onward With Hedge Funds Loaded Up [Yahoo! Finance Canada]Yahoo! Finance Canada
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- 1/2/25 - Form 6-K
- 12/2/24 - Form 6-K
- 11/19/24 - Form 13F-HR/A
- BCS's page on the SEC website