BBN - BBN: With More Supply Coming Shifting My Outlook Slightly Lower

June, 27 2021 09:20 PM BlackRock Taxable Municipal Bond Trust of Beneficial Interest

BBN has been on a great run over the past four months, and its premium to NAV is still very reasonable.
The credit outlook for munis as a whole is quite strong, with tax revenues remaining resilient and the economy on the rebound.
Despite the positives, BBN has some drawbacks. One is a high amount of interest rate risk, with a duration above 13 years.
An infrastructure agreement could bring billions of new supply into the taxable muni market, if it passes as currently written.

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Company Name:	BlackRock Taxable Municipal Bond Trust of Beneficial Interest
Stock Symbol:	BBN
Market:	NYSE