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Search resuls for: "Joanna Gallegos"


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New ETF looks to profit from municipal bonds
  + stars: | 2024-04-06 | by ( Emily Glass | ) www.cnbc.com   time to read: +1 min
A new ETF is trying to capture profits in the municipal funds space. BondBloxx's Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) — which launched less than a month ago. "When you think about municipal bond portfolios, you really want people to think beyond them and look for the relative value of after-tax income," the firm's co-founder and COO told CNBC's "ETF Edge" on Monday. Gallegos sees actively managed municipal bond exchange-traded funds as an income-generating opportunity in a high rate environment. FactSet describes the fund as "tax efficient" — balancing strong after-tax income opportunities with capital preserved through both municipal and taxable short-duration fixed income securities.
Persons: BondBloxx's Joanna Gallegos, CNBC's, Gallegos, FactSet, It's, TAXX Organizations: Federal Reserve, muni Locations: Illinois, Pennsylvania, New Jersey , New York, Alabama
"Your biggest mistake could be rushing back into equities before you're considering all these opportunities in fixed income," BondBloxx co-founder and COO Joanna Gallegos told CNBC's "ETF Edge" this week. To manage interest rate volatility effectively, Gallegos suggests investors look to exchange-traded funds focused on intermediate term bonds. Morgan Stanley Investment Management's Tony Rochte recommends a similar medium-term strategy with vehicles like the Eaton Vance Total Return Bond ETF (EVTR) under his firm's management. Rochte also pointed to municipal bond funds, like the Eaton Vance Short Duration Municipal Income ETF (EVSM), for income-generating opportunities. "We also converted a municipal bond mutual fund last Monday here at the NYSE to an ETF, symbol EVSM, and that's a municipal.
Persons: BondBloxx, Joanna Gallegos, CNBC's, Gallegos, Morgan Stanley, Tony Rochte, Eaton Vance, Rochte Organizations: Treasury, Morgan Stanley Investment, Eaton, Bond, NYSE
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBondbloxx co-founder on why intermediate treasurys are the place to beJoanna Gallegos, BondBloxx Investment Management co-founder, joins CNBC's Bob Pisani on 'Halftime Report' to discuss if four or five-year Treasurys are the new rage and if they will stick around for the rest of the year.
Persons: Joanna Gallegos, Bob Pisani Organizations: BondBloxx Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market experts on the outlook for stocks amid surging bond yieldsJay Woods, Chief Global Strategist at Freedom Capital Markets, and Joanna Gallegos, Co-Founder of Bondbloxx, discuss what 5% Treasury yields mean for the broader markets.
Persons: Jay Woods, Joanna Gallegos , Organizations: Chief Global, Freedom Capital Markets, Bondbloxx
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe only consistency we are seeing this year is resilience in the economy, says BondBloxx's GallegosJoanna Gallegos, BondBloxx Investment Management co-founder, and Peter Boockvar, Bleakley Financial Group CIO, join 'Last Call' to talk moves in the bond market.
Persons: BondBloxx's Gallegos Joanna Gallegos, Peter Boockvar Organizations: BondBloxx Investment Management, Bleakley Financial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo financial experts discuss the markets' road ahead following Fitch's U.S. credit downgradeJanet Mui, Head of Market Analysis at RBC Brewin Dolphin, and Joanna Gallegos, Founder of Bondbloxx, discuss the outlook for stocks and bonds following Fitch's downgrade of the U.S.' credit rating.
Persons: Janet Mui, Joanna Gallegos Organizations: RBC, Bondbloxx, U.S
Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of global ETF strategy for JPMorgan, believes it's a sound approach. So, as interest rates are going up, people are a little uncertain about what's going to happen to bond prices really far out," she said. As of Friday's close, the U.S. 10 Year Treasury was yielding around 3.7% — an 84% surge from one year ago. Meanwhile, the U.S. 6 Month Treasury yield was around 5.14%, which reflects a one-year jump of 589%.
How ETFs are expediting bond market modernization
  + stars: | 2023-03-08 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +2 min
Despite equities having long transitioned to electronic trading, over-the-counter trading remains common in the bond market. Bond ETFs are changing that. "Bond ETFs are 20 years old today, and they trade the same way as some of the technologies in fixed income." Roughly a decade after equity ETFs were first introduced, the first four bond funds launched in July 2002 — the iShares 1-3 Year Treasury Bond Fund (SHY) , the iShares 7-10 Year Treasury Bond Fund (IEF) , the iShares 20+ Year Treasury Bond Fund (TLT) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) . "And it just sounds really familiar to the way ETFs had grown with the equity markets."
ETF Edge: The resurgence of high-yield bonds
  + stars: | 2023-03-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: The resurgence of high-yield bondsCNBC's Bob Pisani with Joanna Gallegos, BondBloxx co-founder, joins the 'Halftime Report' to discuss the resurgence of bond ETFs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's very actionable to take advantage of the yield that's out there right now, says BondBloxx co-founderJoanna Gallegos of BondBloxx joins Jon Fortt and the 'CNBC Special: Taking Stock' to discuss the 10-year/2-year spread hitting its most inverted level since October 1981.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGallegos: Investors still need to be cautious, but you can't deny this has been a risk-on monthBondbloxx co-founder Joanna Gallegos says it's been a fool's errand not to pay attention to the Fed's conviction about continuing its work until inflation gets down to 2%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market watchers give their take on inflation, the Fed, and interest ratesJoanna Gallegos, Co-Founder of BondBloxx, and Nathan Thooft, Chief Investment Officer at Manulife Investment Management, join Worldwide Exchange to discuss what's driving the markets.
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