NXR News and Press, Nuveen Select Tax Free Income Portfolio III From 04/08/21

Are we going to go back to the past, as economies around the world open and vaccinations and herd immunity take hold? At Cumberland Advisors, we see less near-term municipal credit risk, but we are a little cautious of weaker sectors and regions that may not receive aid or that have h...

Nuveen Select Tax-Free Income Portfolio 3 (NXR) declares $0.0465/share monthly dividend, 6.9% increase from prior dividend of $0.0435.Forward yield 3.29%Payable May 3; for shareholders of record April 15; ex-div April 14.See NXR Dividend Scorecard, Yield Chart, & Dividend Growth. For fu...

Rising interest rates drove negative muni bond performance in February. Rich muni bond valuations recalibrated, considerably re-setting muni-to-Treasury ratios. As markets often overcorrect, a continued sell-off could create an attractive buying opportunity. For further deta...

Stronger fundamentals, undervalued segments and an improving economic outlook point to renewed potential for municipal bonds in 2021. Multiple catalysts fuel our optimism, including the probability of higher taxes, the likelihood of renewed fiscal stimulus and the potential for contin...

2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead, while Asia equity lags. Some Nuveen funds increase distributions due to adoption of a level distribution policy. For further details see: Weekly Closed-End Fund Roundu...

Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...

Technicals and politics kept muni returns resilient to government rate rises... until now. While Treasuries have been selling off (pushing up their yields) on the reopening of the economy and inflation expectations, municipal bonds (munis) had remained resilient. For potentially m...

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...

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...

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