BBK News and Press, Blackrock Municipal Bond Trust From 11/11/20

Rising interest rates pressured bond prices in October. Record-high monthly issuance was well absorbed amid strong demand. We expect a favorable supply-demand backdrop through year end. For further details see: Munis Overcome A Glut Of Issuance

The White House is still not decided. This was "prime time" for the blue wave conversations entering the bond market. Municipal bonds aren't hurt as much as they are not helped. A second stimulus bill that would include additional aid for state and local governments will be ha...

BlackRock Municipal Bond Trust (BBK) declares $0.065/share monthly dividend, in line with previous.Forward yield 5.05%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See BBK Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: BlackRock Mun...

Stimulus talks continue as the two parties try to hash out a deal before the elections.  That deal before November is becoming more elusive. The September payrolls report showed that 661K jobs were added in the month, which was below expectations of 850K.  Unemployment rate ...

Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally! RIV offering is now live, with a subscription floor of -5% discount. XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels. For further detai...

In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments. Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large ...

Like most areas of the market, the time when people dislike the sector the most is typically the best time to get in. Forward returns in the traditional bond space will be far lower so looking at historical three- and five-year total returns is meaningless. Some funds to consider ...

We go through the dynamic macro picture with lots of moving parts as we culminate with the election in less than 40 days. We discuss the significant movement we saw in the CEF market in the last week, mostly lower, thanks to significant selling. There will be a report out tomorrow...

While most polls have Vice-President Biden ahead by 6-7% points, we know the race has the potential to be much closer. A higher marginal rate should also flatten the muni yield curve over time as the demand for longer-dated paper increases because of the benefits it provides on a taxa...

BlackRock Municipal Bond Trust (BBK) declares $0.065/share monthly dividend, 6.6% increase from prior dividend of $0.061.Forward yield 5.13%Payable Nov. 2; for shareholders of record Oct. 15; ex-div Oct. 14.See BBK Dividend Scorecard, Yield Chart, & Dividend Growth. For further details ...