LEO News and Press, Dreyfus Strategic Municipals Inc. From 08/01/22

Today, the US economy can be characterized by late cycle (perhaps even end cycle) with a stagflationary regime. A stagflationary regime is one where there is high and rising inflation combined with low or negative growth. Investing during this regime can be difficult. Eventually, ...

Global macro data is weighing on investors' minds this week with the start of the second quarter earnings season and a higher-than-expected CPI print. The narrative appears to be changing again. As we've described, the first quarter was about a rising rate/rising inflationary market a...

BNY Mellon Strategic Municipals ( NYSE: LEO ) has declared $0.03/share monthly dividend , in line with previous. Payable July 29; for shareholders of record July 15; ex-div July 14. See LEO Dividend Scorecard, Yield Chart, & Dividend Growth. For further detai...

We review CEF market valuation and performance through the second week of June and highlight recent market action. CEFs struggled this week on the back of lower stocks and bonds due to the upside surprise in the latest CPI reading. CEF structure - often a key driver of performance...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

Muni CEFs have been beaten up so far in 2022. This is the worst 3-month period in a non-recessionary environment for 3 decades. In prior periods of rising rates it has been a good time to get in as muni bonds tend to be resilient over time. While muni CEFs are much cheaper today t...

Rating agencies reported that upgrades outpaced downgrades in 2021. The decline in the stock market produced concern that pension funding may decline, and the rise in inflation may reduce benefits. The shorter bonds can be sold to take advantage of large outflows from mutual funds...

April saw a well above average number of net distribution cuts for the tax-exempt CEF sector - a direct outcome of rising leverage costs. The sector's valuation profile has moved very quickly from being very expensive to attractively valued. We highlight our allocation stance in t...

We review CEF market valuation and performance through the last week of March and highlight recent market action. CEFs rallied strongly to close out a pretty poor quarter for returns. We discuss some of the misconceptions surrounding interest rates and the performance of loan CEFs...

Sidus Space (NASDAQ:SIDU) has announced  a strategic partnership with Aitech Systems to support LizzieSat Constellation. Through this partnership, Aitech Systems is developing and delivering custom LizzieSat Command and Data Handling flight computers and peripherals. LizzieSats...