NBB News and Press, Nuveen Taxable Municipal Income Fund of Beneficial Interest From 05/04/22

Recent market upheaval has created an entry point into taxable municipal fixed income for investors seeking to diversify exposures. Since the beginning of 2022, the long taxable municipals index has underperformed corporates by 210 basis points. The municipal marketplace offers ma...

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...

High Yield funds (index as well as leveraged closed-end funds) outperformed safer funds more during the last tightening cycle. We may have already seen most of the rate increases in the 2-5-year part of the yield curve. I am increasing my position in PIMCO Dynamic Income Opportuni...

Four out of 24 CEF sectors positive on price and three out of 24 sectors positive on NAV last two weeks. SPE has an upcoming tender offer. GUT has a rights offering coming up. JPT tender offer and FTF rights offering completed. For further details see: Weekly Closed-...

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...

The S&P 500 has not only fully recovered from the lows of the 2020 pandemic but has added on nearly 45% compared to the beginning of 2020. Will the current bull run continue in 2022, or are we heading towards a cliff? Should you invest now or wait for lower prices? We provide ...

We are moving from the recovery phase of the current cycle to its middle phase. But what kind of cycle is it likely to be? After 40 years of declining inflation and interest rates, the direction of travel appears to be changing, due to new central bank policy priorities, China’...

The taxable municipal bond market is growing and mature. Taxable munis offer a range of benefits for certain investors, in particular insurance companies. High ratings and lower historical default rates in every rating category when compared to U.S. corporate bonds only increase t...