PIMCO finally did it. They chopped the muni CEF distribution by up to 45%. PCQ was the biggest risk as it was trading at a ridiculous 45% premium to NAV going into the cut.

PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

It was only a matter of time. PIMCO's 3 national municipal bond CEFs were having some of the worst NAV performances of all muni bond CEFs over the past year. And yet, PIMCO had been maintaining their ...

The PIMCO Municipal Income Fund has provided higher return than any of the Nuveen National Muni Funds since it started in 2001. Not so much when comparing risk ratios. Started in 2001, PMF is PIMCO's ...

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationar...

Municipal bonds had a very rough start to 2022. Fortunately, after a lot of pain, they have started to rebound. Even with the uptick in prices among many muni CEFs, there is still a lot of value out t...

PMF is the PIMCO Municipal Income Fund, is the first in a series of three related national municipal bond CEFs. Since PMX started, PMF has performed better. PMX is the PIMCO Municipal Income Fund III,...

I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are pr...