NMCO News and Press, Nuveen Municipal Credit Opportunities Fund From 07/11/21

We review CEF market valuation and performance over the past week and highlight recent events. The CEF market is expensive, however you cut it. We take a look at select distribution changes, some weird action at quarter-end and discuss our stance. For further details see: ...

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...

For the eighth month in a row, equity CEFs on average posted positive returns, rising 1.34% on a NAV basis for June. While for the fourth month running fixed income CEFs posted plus-side returns (+0.85%). Thirty-two percent of all CEFs traded at a premium to their NAV, with 31% of...

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...

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) traded at a new 52-week high today of $15.77. So far today approximately 54,000 shares have been exchanged, as compared to an average 30-day volume of 110,000 shares. Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's...

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...

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...

We review CEF market valuation and performance over the past week and highlight recent events. We highlight news and market action across a number of CEFs such as HFRO, FSLF, IGI, and a pair of Invesco loan funds. Valuation and distribution challenges remain two key risks for CEF ...

Muni CEF discounts are closing by the day. I believe they will reach a premium in the next few months (perhaps sooner). We have remained steadfastly bullish on tax-free munis, especially high-yield munis in 2021, for numerous reasons. Our view is that rates have made the bulk of t...