NAD News and Press, Nuveen Quality Municipal Income Fund From 02/02/22

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...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Nuveen Municipal High Income Opportunity Fund goes down the rating scale to provide investors with greater income. History shows this has paid off when rates go up. While lower-rated bonds are deemed to be more risky by the Rating Agencies, the risk of non-payment is still very small....

The muni market, including NAD, has been facing some weakness. I would use that as an opportunity to build to positions. Duration risk in the sector is high, so rising inflation metrics do have me concerned about total return. This is why I would time my purchases very carefully. ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Tax-exempt municipal yields have trended down since the start of the year on the back of strong demand from investors and lower Treasury yields. However, over the last few weeks, yields have backed up sharply on a hawkish Fed turn. We take a look at the sector performance year to ...

As a working professional, the municipal bond market has been a preferred asset class of mine for a long time. I find the tax-exempt income preferable to alternative, taxable investment grade options. With a new administration in the White House that is calling for higher tax rates on...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...

The US House Ways and Means Committee released their new 881-page tax proposal –there's some tricky stuff in it. If passed, the new top Federal rate in the US will be 46.4 percent, while the top capital gains tax rate appears it will be 31.8 percent from my calculations. NY...

While they may have become more common over the last 10 years, municipal defaults and bankruptcies still remain rare overall. The five-year all-rated cumulative default rate of municipal bonds throughout the study period (1970-2020) was unchanged at 0.08% and still remains very low. ...