NMCO News and Press, Nuveen Municipal Credit Opportunities Fund From 03/02/21

Why the run-up in rates has troubled equity markets more than credit, and why we think that is poised to continue. Since the start of the fourth quarter of 2020, the U.S. 10-year yield has risen by more than 80 basis points while the spread of the ICE Bank of America U.S. Corporate BB...

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term. We also highlight a number of funds that we hold in our Income Portfolios: NMCO, DSL, NCV and others. For furth...

As an investor, municipal bonds could offer you tax-exempt income, which can carry more attractive advantages if current tax rates increase, and higher income-generating capabilities after accounting for tax. Don't let market-wide panic disrupt your investment plan. As an investor, mu...

The tax-exempt CEF sector has proven to be relatively resilient over the past year, generating attractive absolute and risk-adjusted returns. We take a look at the sector and, in particular, focus on the two key allocation dimensions for investors: Duration and credit risk. We als...

Strong performance has continued to stretch rich muni bond valuations. We expect strong demand to continue outpacing elevated supply. Additional fiscal aid and vaccine distribution could support fundamentals. For further details see: Munis Off To A Running Start

For the third month in a row, equity CEFs on average posted positive returns, rising 0.84% on a NAV basis for January. While for the tenth month running, fixed income CEFs witnessed returns in the black (+1.13%). Eighteen percent of all CEFs traded at a premium to their NAV, with ...

Municipal bonds have done well since the election, since a Democratic Administration is typically good for additional state and local relief, even more badly needed this year thanks to the pandemic. Also, it's pretty clear higher taxes in some form or fashion are on the way, whether i...

The tax-exempt sector continues to receive investor attention due to potential tailwinds of the new administration such as higher taxes and more fiscal support of municipalities. On the back of a new shareholder report we take a look at a number of tax-exempt Nuveen funds with signifi...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are NHF, ARDC and KIO. For further details see: The Quality Closed-End Fund Report, January 2021

Getting extra return by having an unusually wide discount reverting to the CEF’s average level is a strategy used by CEF investors. Trying to determine if such a wide discount is the new normal isn’t always easy but needs to be attempted as part of an investor’s d...