BBN - BBN: Improved Risk/Reward For This Taxable Muni CEF
- Rising rates, long duration profile and expensive premiums have combined to push the taxable muni CEF sector to the worst returns in the CEF space YTD.
- However, with yields at more attractive levels and premiums mostly deflated, the sector looks more attractive for investors who desire a higher-quality asset profile.
- We take a look at BBN which has delivered superior NAV returns in the taxable muni CEF sector.
- The fund has also seen a sharp rise in leverage, presumably, on the back of a more attractive investment environment which should translate into improved coverage.
For further details see:
BBN: Improved Risk/Reward For This Taxable Muni CEF