BBN News and Press, BlackRock Taxable Municipal Bond Trust of Beneficial Interest From 07/09/21

For the eighth month in a row, equity CEFs on average posted positive returns, rising 1.34% on a NAV basis for June. While for the fourth month running fixed income CEFs posted plus-side returns (+0.85%). Thirty-two percent of all CEFs traded at a premium to their NAV, with 31% of...

BBN has been on a great run over the past four months, and its premium to NAV is still very reasonable. The credit outlook for munis as a whole is quite strong, with tax revenues remaining resilient and the economy on the rebound. Despite the positives, BBN has some drawbacks. One...

In spite of the pandemic-induced crisis and correction last year and other challenges, the stock market has made a remarkable recovery, and a new bull market is clearly evident. Obviously, the big question is, where does it go from here, and is it a good time to invest? If you are...

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 closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad ma...

We introduced the concept of the Near Perfect Portfolio (NPP) a year ago, last year. Since then, the market has made a remarkable comeback. It's probably time to revisit it. For most people, especially retirees, it's very difficult to tolerate large and deep drawdowns. But with index ...

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...

If you are 50 or older and haven't done retirement planning, there is no better time to do this than now. In fact, it is never too early. We use our hypothetical couple - John and Lisa - to demonstrate how to plan, save, and grow your capital to retire in 10 years. We ran multiple...

We take a look at the different CEF yield metrics, focusing in particular on net asset portfolio yields after fees - what investor capital actually "earns" in the fund. We use BlackRock portfolio yield-to-worst numbers, adjusted for fund expenses, to show that taxable CEFs boast portf...

Large-cap stocks hit new highs on strong data with record highs set several times during the week and finished very strong rising 300 points on Friday. Discounts on taxable bond CEFs are now very close to NAV. My calculation (which adjusts for the massive premiums on the CLO funds) sh...

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...