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NPN - Weekly Review: Municipal Bond CEFs - New Highest Price For The Benchmark
Nuveen Pennsylvania Municipal Value Fund of Beneficial Interest
Introduction
The investors preferred the safer asset classes such as municipal bonds due to fears of the impact of the coronavirus. The first day of the week led to a serious decline in the prices of riskier assets, and this fact left some room for an increase in municipal bonds. Also, the unchanged interest rates were interpreted well by the market participants who invest in municipal bonds. So, the sector continues its uptrend, and the benchmark we use to track the performance of this sector has reached a new high for the last decade.