BBN News and Press, BlackRock Taxable Municipal Bond Trust of Beneficial Interest From 03/20/20

Is now the time to buy? For the last year or so we have attempted to invest conservatively, focusing on U.S. Treasury and Agency securities, as well as very high credit quality securities in corporate bonds and asset-backed securities. We tried to stay on the sidelines of risk as much as ...

The news flow is still falling. It's degringolade out there. Many might not know what that word means but it is essentially a downward spiral of decline. A sharp deterioration. A collapse. That is what is going on today. There is no liquidity. Buyers are still hiding behind the rocks and o...

(This article was published to members of Yield Hunting on March 12th. All data herein is from that date. We have recently updated this analysis for members.) The down move in the markets definitely shows how funds are positioned and how they will react to a 'liquidity crisis'. The data he...

The fear of loss and regret is real. Don't let it change your plan! Fear can do a lot of damage to the markets but it's a short-term determinant. A correction and even a bear market is a feature, not a bug of the public securities markets. Sure this could slow economic activity. GDP may even...

We are in the midst of the worst kind of volatility since the great recession of 2008, and on the verge of a bear market. Sure, more than the financial markets, the government and society, in general, have the bigger problem of preventing the spread of coronavirus. However, there's still hop...

The CEF market is starting to crack. While we bemoaned the unattractive discount valuation over a few previous articles, we are finally seeing some evidence of capitulation. Given significant uncertainty around the medium-term medical and economic picture alongside air pockets of liquidity, we...

Introduction Monday was an enlightening day with the S&P 500 falling 7.6%, real estate falling 4% to 5%, corporate bonds falling 0.8% to 2%, and gold was not much protection. Tuesday was a choppy day with the S&P 500 rising 4.9%. As I conclude this article, Wednesday stock futures ap...

(This report was issued to members of Yield Hunting on March 4 th , 2020, with additional analysis for members only) Well, we knew this was going to happen. Discounts were taking the escalator up for months reaching what has been historically tight levels. But as usual, panic selling sends...

Main Thesis The purpose of this article is to evaluate the Taxable Municipal Bond Trust ( BBN ) as an investment option at its current market price. This is a fund I heavily recommended last quarter, and it has performed extremely well. While I typically advocate buying tax-exempt muni bo...

Note: data from this article are from January 24 th , 2020. Dear CEF/ETF Income Laboratory members, I would like to welcome the new members who have joined us recently. As a reminder, our latest portfolio updates are here: The Tactical Income-100 Portfolio - December 2019 Report...