NBB - NBB: A Good Option For Taxable Muni Exposure But Upside Limited

December, 22 2020 03:58 PM Nuveen Taxable Municipal Income Fund of Beneficial Interest

NBB sits just under its 52-week high and sports a premium to NAV of almost 3%.
While this fund has been a reasonable performer over the past few months, I believe getting a bit more cautious now makes sense.
Taxable muni CEFs offer a way to boost yield without going down in credit quality. Therefore, I see them as a valid hedge but would be leery of over-paying for that exposure.
The recent stimulus measure did not include much direct aid to state and local governments. If this story continues in 2021, muni bonds of all stripes face significant risks.

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Company Name:	Nuveen Taxable Municipal Income Fund of Beneficial Interest
Stock Symbol:	NBB
Market:	NYSE