Municipal Bond CEFs: Unexplainable Weakness Continues [View article]
Alot of these funds are (or were) at premiums, leveraged and some are cutting dividends. Deadly combination in a rising interest rate environment. BTW, stick with the PIMCO muni funds and stay away from Nuveen. The difference is pretty incredible.
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Alot of these funds are (or were) at premiums, leveraged and some are cutting dividends. Deadly combination in a rising interest rate environment. BTW, stick with the PIMCO muni funds and stay away from Nuveen. The difference is pretty incredible.
Jun 18 10:46 am
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All Comments by mavericks »Municipal Bond CEFs: Unexplainable Weakness Continues [View article]