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Market Impact: 0.2

Bullish Two Hundred Day Moving Average Cross

Credit & Bond MarketsMarket Technicals & FlowsInvestor Sentiment & Positioning

Shares of Dreyfus Strategic Municipal Bond Fund (DSM) crossed above their 200-day moving average of $5.90, trading as high as $5.96 and rising about 2.1% on the day. The action represents a modest technical breakout that could attract short-term momentum flows but is unlikely to change broader municipal market fundamentals.

Analysis

Shares of Dreyfus Strategic Municipal Bond Fund (DSM) crossed above their 200-day moving average of $5.90, trading as high as $5.96 and rising about 2.1% on the day. The action represents a modest technical breakout that could attract short-term momentum flows but is unlikely to change broader municipal market fundamentals.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.15