AKP - Weekly Review: Municipal Bond CEFs - A Steep Downturn In The Sector
Introduction
Over the past few months, most of you have noticed our increased activity in closed-end funds as the inflow of volatility finally shook them up and created various arbitrage, and directional, opportunities for active traders like us.
Now that these products have grabbed our attention, we are continuously monitoring most funds by sector and will reinstate our Weekly Review, publishing a recap of the groups of interest.
The Benchmark
It was a tough week for the municipal bond CEFs. The main index, the iShares National AMT-Free Muni Bond ETF (NYSEARCA:MUB), fell by