NUM - Weekly Review: Municipal Bond CEFs - Prices Remain At The Lowest Levels For The Year
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
On Wednesday, the Treasury yields inch lower as investors seek safety in the bonds after the turmoil in the stock market. Many of the market