EVP - Weekly Review: Municipal Bond CEFs - The Sector Looks Ahead To A Speech By Fed Chairman Powell
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
The benchmark of the sector, the iShares National AMT-Free Muni Bond ETF (MUB) continues its trading into a price range. On a weekly