NXQ News and Press, Nuveen Select Tax Free Income Portfolio II From 01/11/21

The new Administration's tax proposals, in year one, total some $3.9 trillion, according to Moody's Analytics estimates. Yields on munis sank to 1.14%, which is their lowest since 1979. Also, the municipal bond spread to Treasuries is near historic lows. Yields have gone up somewh...

Most CEFs use leverage to increase yields.  Added risk comes with that strategy. Nuveen offers six Municipal CEFs across several Muni sectors that invest without leverage.  I will briefly compare NXP against these and four leveraged CEFs in terms of risk and return. Muni...

The bond fund outflows of March followed the downdraft in oil prices caused by the onset of the pandemic, which caused the sharp sell-off in the stock market. The rebound at the end of March was one of the most vigorous muni rallies ever witnessed. Muni yields across the board are...

A dearth of municipal issuance drove strong performance in November. Typical year-end outflows due to tax loss selling have yet to emerge. We expect firm demand to outpace modest issuance through year end. For further details see: Munis Make Up For A Rough Ride

With the odds against the Democrats winning both Senate seats in the Georgia runoff, the Biden administration will likely have to work with a Republican Senate majority to navigate various tax policy issues in the coming year. Infrastructure seems to be the one topic that a potentiall...

Many of the policies that a president will ultimately decide can be impactful. For example, tax policy, which could impact a state or local government's ability to raise their own taxes and impact demographics. But another impact is that it can also increase the attractiveness of munis as...

The media has been rife with headlines foretelling revenue shortfalls and a cash crisis for battered state budgets. We look under the hood to better assess the status of the headline-grabbing states with the largest debt burdens. Bond investors are right to be concerned. For...

Rising interest rates pressured bond prices in October. Record-high monthly issuance was well absorbed amid strong demand. We expect a favorable supply-demand backdrop through year end. For further details see: Munis Overcome A Glut Of Issuance

The White House is still not decided. This was "prime time" for the blue wave conversations entering the bond market. Municipal bonds aren't hurt as much as they are not helped. A second stimulus bill that would include additional aid for state and local governments will be ha...

In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments. Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large ...