NAD News and Press, Nuveen Quality Municipal Income Fund From 07/09/21

While political forces could alter their course, we believe that passage of these infrastructure bills would have a positive impact on the municipal market. If enacted into law, taxes for high income earners are likely to increase, which could fuel additional demand for tax-free munic...

The municipal sector has remained resilient this year despite a rise in Treasury yields. Sector fundamentals remain favorable with strong tax collections, fiscal support, and technical demand. Within the sector, we continue to focus on valuation, alpha, and fees due to a very low ...

Compared to other income-oriented sectors like bonds and REITs, closed-end funds (CEFs) have considerably higher yields. Currently, the S-Network Composite Closed-End Fund Index (CEFX) has a yield of 6.97% and the S-Network Municipal Bond Closed-End Fund Index (CEFMX) has a yield of 4...

Munis, both tax-exempt and taxable, had a reasonably strong first half of the year. A combination of a rebounding economy, stronger than expected tax receipts, and federal aid, all point to the possibility of more gains in the months ahead. Despite these positives, investors shoul...

Many municipal negative sector outlooks assigned during the pandemic were revised back to stable during the first and second quarters. As mentioned earlier, the states of CT, IL, and NJ have been improving, albeit from low levels. They have put in place plans to increase the funding o...

Faced with higher inflation numbers, the Federal Reserve has begun to create more meaningful parameters around its evolving stance on monetary policy. Although the changes could be less dramatic than many expect, we believe that investors should be prepared for higher market volatilit...

Shares of Nuveen Quality Municipal Income Fund (NYSE:NAD) traded at a new 52-week high today of $16.07. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 335,000 shares. Nuveen Quality Municipal Inco...

The second quarter of 2021 saw a drop in US Treasury yields, as well as in high-grade tax-free bond yields. The quarter in general was one that saw continued increases in month-over-month inflation but little real reaction in the bond markets. The Federal Reserve has continued to ...

The potential for higher U.S. taxes, coupled with regulatory risks and shifting growth momentum, tempers our near-term enthusiasm for U.S. equities. Euro area business activity surged in June as the region catches up on the restart that has been led by the U.S. and UK. Investors w...

The muni CEF sector has continued to rally this year due to the resilience of municipal bond yields and tight CEF discounts. A number of funds, however, have grown to premium valuations that are unlikely to prove sustainable. In this article, we take a look at a number of these fu...