Hundreds of staff from the ABC's Southbank office in Melbourne walked off the job for a 24-hour strike, forcing ABC services across TV, radio and digital to use BBC News content and repeat programming. Melbourne-based ABC journalist Daniel Ziffer said staff were striking because they have seen 'real cuts to real wages' ABC switches to BBC programming as staff walk off the job for 24-hour strike Co...
Hundreds of staff from the ABC's Southbank office in Melbourne walked off the job for a 24-hour strike, forcing ABC services across TV, radio and digital to use BBC News content and repeat programming. Melbourne-based ABC journalist Daniel Ziffer said staff were striking because they have seen 'real cuts to real wages' ABC switches to BBC programming as staff walk off the job for 24-hour strike Continue reading...
Alex Cristi /iStock via Getty Images Key takeaways 1 Fund performance Invesco Limited Term Municipal Income Fund Class A shares at net asset value (NAV) outperformed its style-specific index, the S&P Municipal Bond Investment Grade Short Intermediate Index. 2 Seeking attractive opportunities through collaborative management Invesco Municipal Bond team uses a collaborative management approach. Rely...
Alex Cristi /iStock via Getty Images Key takeaways 1 Fund performance Invesco Limited Term Municipal Income Fund Class A shares at net asset value (NAV) outperformed its style-specific index, the S&P Municipal Bond Investment Grade Short Intermediate Index. 2 Seeking attractive opportunities through collaborative management Invesco Municipal Bond team uses a collaborative management approach. Relying on our size and experience, we seek to identify the best opportunities to achieve potentially better outcomes for shareholders. 3 Analysis focused on creditworthiness Our team uses a bottom-up fundamental credit process focused on creditworthiness of individual issuers with an overlay of macroeconomic factors to capitalize on market inefficiencies. Our process has been time tested over full market cycles. Manager perspective and outlook In the fourth quarter, investment grade, high yield and taxable municipals delivered positive returns of 1.42%, 1.11% and 1.05%, with annual returns of 4.25%, 2.46% and 7.89%, respectively. 1 Despite a lengthy federal government shutdown, long-duration municipal bonds performed well during the quarter, bolstering market strength. 1 New municipal issuance reached $143 billion for the quarter and a record $584 billion for the year, surpassing last year's record $509 billion. Shifting interest rate policies, higher costs and political uncertainty likely encouraged more issuers to come to market. 1 Net flows for municipal mutual funds and exchange-traded funds (ETFs) were strong, totaling approximately $17.5 billion for the quarter and $52.4 billion for the year. 2 The US Federal Reserve (Fed) cut the federal funds rate twice, by 0.25% in October and 0.25% in December. The Fed reiterated its commitment to balancing maximum employment and a 2% inflation target. 3 We believe state and local municipal budgets remain healthy. While credit rating upgrades have moderated, upgrades outpaced downgrades in 2025, demonstrating to us strong fundamental...
Microsoft (MSFT) stock has lost almost 23% year to date, at the time of writing, Tuesday afternoon, March 24, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about 3.75% in the same period. Alphabet (GOOGL) is down more than 5%.Amazon (AMZN) is down almost 10%.Apple ...
Microsoft (MSFT) stock has lost almost 23% year to date, at the time of writing, Tuesday afternoon, March 24, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about 3.75% in the same period. Alphabet (GOOGL) is down more than 5%.Amazon (AMZN) is down almost 10%.Apple ...