Nuveen Municipal Credit Opportuniti... (NMCO)

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...

Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds. These tailwinds include a stabilization and likely increase in net i...

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Munis are giving us a chance to own them again at some compelling discounts relative to long-term valuations.

For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.

Tax-exempt municipal yields have trended down since the start of the year on the back of strong demand from investors and lower Treasury yields.

We review CEF market valuation and performance over the past week and highlight recent events. CEF prices stalled in July on the back of lower risk sentiment driving discounts wider.

The municipal sector has remained resilient this year despite a rise in Treasury yields.

The Month In Closed-End Funds: June 2021