BBN News and Press, BlackRock Taxable Municipal Bond Trust of Beneficial Interest From 04/21/21

Taxable bond CEFs are now at their tightest levels of the last eight years going back to 2012-early 2013. There's not much juice left. That doesn't mean that we need to sell out of CEFs, we just need to be more prudent and vigilant. That includes re-positioning to the best ideas along...

If you've just retired and had a sizable chunk of cash to put to work, where can you earn a decent income while preserving and growing your capital? You may be in a situation where you need to move away from a fund-based investment approach to a self-managed income-oriented stock inve...

After growing cautious on municipal bonds at the beginning of the year, there are reasons to be more optimistic going forward. The recent stimulus bill limits the credit risk, especially for investment grade munis, with a lot of support going to state and local governments. Monthl...

Rising rates, long duration profile and expensive premiums have combined to push the taxable muni CEF sector to the worst returns in the CEF space YTD. However, with yields at more attractive levels and premiums mostly deflated, the sector looks more attractive for investors who desir...

Let's say you are fully invested in the stock market, be they individual stocks or indexes. The S&P 500 and Dow Jones Industrial have been up nearly 80% since bottoming in March 2020, exactly a year ago. Are we heading into a new and prolonged bull-market, or are we heading bl...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. The market downturn last year exposed the risk of high volatility and deep drawdowns with investing in close...

2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead, while Asia equity lags. Some Nuveen funds increase distributions due to adoption of a level distribution policy. For further details see: Weekly Closed-End Fund Roundu...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are CEV, JPC, and DSL. For further details see: The Quality Closed-End Fund Report, February 2021

BBN has seen a sharp decline in the short term. This has been the result of rising yields and the fact the fund entered 2021 with a hefty premium. The fund's duration remains an immediate concern. If yields tick higher, and especially if the Fed raises rates, BBN will see a negative r...

We regularly write about multi-basket income strategies. They mostly have similar underlying principles but vary in terms of income needs, growth goals, and risk levels. We will go over our thesis as to how a diversified income portfolio with an in-built hedging mechanism with low vol...