NKG - Weekly Review: Municipal Bond Closed-End Funds - A Quiet Week For The Sector
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
Over the past week, the iShares National Muni Bond ETF (MUB) increased its price by $0.35 and finished the week at $109.85 per