NBB - NBB: Hard Not To Like This Taxable Muni Fund At This Price

• The municipal bond sector has been hit very hard in 2022. While this is unnerving, I believe it offers long-term investors an opportunity for buys.
• NBB in particular looks attractive because it has a discount to NAV nearing 8%, and it is relatively cheaper than its chief CEF rival.
• Leveraged funds are getting hit hard, muni and otherwise. With short-term rates rising, this makes sense as leverage becomes more expensive.
• However, readers should note there still is yield "pick-up" opportunity in this market, which is a net positive for funds like NBB.

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