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PYN - Weekly Review: Municipal Bond CEFs - Dividend Cut For Most Of PIMCO Funds
PIMCO New York Municipal Income Fund III of Beneficial Interest
Introduction
Over the past year, the municipal bonds showed a very strong performance, and they managed to increase their prices significantly. The end of the year is a fact, and it is very interesting to see what will be the performance of the sector in 2020. Of course, the policy of the central bank of the United States will play a big role. The municipal bonds are fixed-income instruments with a relatively long duration, and the changes in the interest rate are crucial for their results. However, the first days of the new year were