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PMM - Weekly Review: Municipal Bond CEFs - Focus Again On Safer Assets
Putnam Managed Municipal Income Trust
Introduction
The global concerns about the coronavirus helped the safer assets to increase their prices. Among the winning asset classes were the municipal bonds and the closed-end funds which invest in them. The market participants also expect to understand if there is going to be a change in the interest rate. The forthcoming decision of the central bank of the United States will be announced next Wednesday.
As you are going to see in our article, the sector reported another positive week, and the CEFs from the area continue to be traded at relatively high