Summary
- What a difference a year makes – a year ago Muni bond yields were barely above 1% while Muni CEF discounts were close to zero.
- This time around both bond yields and CEF discounts are at very attractive levels.
At the same time, the sector faces two challenges which we discuss in this article. - We continue to see value in funds like BTT, NAD and NZF.
Seeking Alpha
Jan. 31, 2023