SPY - BBN: An Interesting And Much Improved Income CEF

• Investors continue to struggle with the generation of income due to the low interest rate policy of the Federal Reserve.
• BBN offers an interesting way to generate a higher yield off of your savings by investing in a leveraged portfolio of taxable municipal bonds.
• The fund appears safer than it did last time as its exposure to underfunded pension states has gone down and it appears more diverse.
• The 5.82% yield is easily sustainable at the current level due to the fund's strong income and capital gains generation.
• The fund is trading at a reasonable attractive valuation compared to its historical levels.

For further details see: