BBN News and Press, BlackRock Taxable Municipal Bond Trust of Beneficial Interest From 04/16/22

Being financially independent is a must for retirees but can be desirable even for folks who are much younger and are several years away from retirement. We will go over our thesis as to how a diversified income portfolio with an in-built hedging mechanism with low volatility could ma...

The Treasury curve continued flattening during the first quarter of 2022, with short-term Treasury yields rising precipitously while longer Treasury yields rose at a slower rate. As the Treasury curve flattened and yields rose, spreads on investment-grade corporates and taxable munici...

With index investing, there's no escape from a roller coaster ride. For most people, especially retirees, it's very difficult to tolerate large and deep drawdowns. Retirees and conservative investors need income, growth to meet inflation, and most importantly, conservation of capital ...

Municipal debt continues to be well supported by few defaults and a strong credit backdrop for IG debt. BBN continues to have an above-average amount of interest rate risk. This makes me reluctant to get too bullish, but the current price has baked in some of this risk. The fund i...

Far too many investors ignore dividends, even in a bull market. When there’s a correction, like the one we’ve seen over the last few weeks, they flip the script, making safe cash dividends a lot more popular. Luckily for us, there’s one ignored corner of the market ...

We have already seen quite a bit of volatility in the early stages of 2022. The good news is, the market has bounced back quickly after hitting correction territory (S&P 500). Inflation remains top of mind, so I will explore a few ways investors can stay ahead of it. Fixed-inc...

The municipal bond sector has broadly been under pressure over the past few quarters. This includes high yield munis, passive ETFs, and CEFs of all stripes. The causes are multi-fold. Rising yields, lack of movement on tax rates, and continued uncertainty on further legislative change...

Muni bonds continue to make up the bulk of my fixed-income position. This includes both tax-exempt and taxable holdings, such as BBN. Looking ahead to 2022, I think the sector will hold up well. However, one of the chief risks is interest rate risk. This is a major sore spot for BBN i...

We believe taxable muni supply could exceed $100 billion again in 2022 and total 25% of expected new issue supply. New money supply is expected to be higher, whereas debt used to “advance refund” tax-exempt munis by issuing taxable munis may decline slightly year over ye...

If yields are low and spreads are low, it’s logical to conclude that generic market beta returns are going to be low. But that does not mean that alpha expectations should be lowered as well. There’s potentially a lot of volatility coming our way and dispersion with winn...