When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MMD - Municipal CEF Sector Update: Outperforming The Market For A Change
MainStay MacKay DefinedTerm Municipal Opportunities Fund
The municipal CEF sector has outperformed the broader CEF space over the last month for a change, supported by stabilizing Treasury yields and a lower sensitivity to rising credit spreads.
We discuss some of the ongoing themes in the sector such as leverage costs, valuations, duration, and sub-sector positioning.
We also discuss the change in our allocation as we lighten up on our previous MMD recommendation, which has strongly outperformed the sector.