BLE News and Press, BlackRock Municipal Income Trust II From 01/11/21

17 out of 23 CEF sectors positive on price and 19 out of 23 sectors positive on NAV last week. PPR tender offer expires on January 4, 2021, and our Tactical Income-100 portfolio is tendering all shares. NHF's extended tender offer also expired. For further details see: W...

The new Administration's tax proposals, in year one, total some $3.9 trillion, according to Moody's Analytics estimates. Yields on munis sank to 1.14%, which is their lowest since 1979. Also, the municipal bond spread to Treasuries is near historic lows. Yields have gone up somewh...

The bond fund outflows of March followed the downdraft in oil prices caused by the onset of the pandemic, which caused the sharp sell-off in the stock market. The rebound at the end of March was one of the most vigorous muni rallies ever witnessed. Muni yields across the board are...

BlackRock Advisors, LLC announced today that, at a joint special meeting of shareholders (the “Meeting”) of The BlackRock Strategic Municipal Trust (NYSE: BSD), BlackRock MuniYield Investment Quality Fund (NYSE: MFT), BlackRock Municipal Income Investment Trust (NYSE: BBF)...

A dearth of municipal issuance drove strong performance in November. Typical year-end outflows due to tax loss selling have yet to emerge. We expect firm demand to outpace modest issuance through year end. For further details see: Munis Make Up For A Rough Ride

With the odds against the Democrats winning both Senate seats in the Georgia runoff, the Biden administration will likely have to work with a Republican Senate majority to navigate various tax policy issues in the coming year. Infrastructure seems to be the one topic that a potentiall...

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week as election volatility subsides. NHF tender offer begins, with an expiration date of December 10, 2020. We discuss RIV's rights offering results in a separate report. For further de...

Many of the policies that a president will ultimately decide can be impactful. For example, tax policy, which could impact a state or local government's ability to raise their own taxes and impact demographics. But another impact is that it can also increase the attractiveness of munis as...

The media has been rife with headlines foretelling revenue shortfalls and a cash crisis for battered state budgets. We look under the hood to better assess the status of the headline-grabbing states with the largest debt burdens. Bond investors are right to be concerned. For...

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