Summary
- The muni CEF sector has continued to rally this year due to the resilience of municipal bond yields and tight CEF discounts.
- A number of funds, however, have grown to premium valuations that are unlikely to prove sustainable.
- In this article, we take a look at a number of these funds such as BKN, NUV and PML, and highlight potential alternatives.
Seeking Alpha
Jun. 22, 2021