NZF News and Press, Nuveen Municipal Credit Income Fund From 09/01/21

A number of mutual funds focused on high-yield municipal bonds have announced closure to new investors recently on the back of strong performance-chasing inflows. This sub-sector remains attractive in our view due to attractive yields and a supportive macro backdrop. We highlight ...

The option-adjusted-spread ((OAS)) on the investment grade or high-grade corporate bond index, is presently about 95-100 bps better than the equivalent Treasury. As of last Friday, August 27th, 2021, the BBB OAS was yielding about 104 bp’s over equivalent Treasuries, which shou...

The muni bond market is complex, fragmented and in a constant state of change. It has more than one million individual bond issues outstanding, representing more than 50,000 distinct issuers. One of the biggest challenges facing investors today is finding the right bonds to buil...

The intensity of the income need only grows as investors move closer to - and enter - their retirement years. While diversified credit portfolios offer benefits, the potential drawdowns could be too much for some investors’ risk tolerances. For tax-sensitive investors, the ...

We think all muni managers should stand ready to provide specific examples of how they’ve improved client outcomes using built or bought technology. Finding bonds is only half the battle - they also have to be priced appropriately and fit each client’s specifications. ...

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...

We review CEF market valuation and performance over the first week of August and highlight recent market events. August saw a strong start for CEFs with discount compression across the board and rising NAVs for equity-linked sectors. We highlight some of the headwinds facing the f...

During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...

A lack of further yield compression and low yields suggest that future fixed-income returns are likely to be well below their historic levels. This suggests that investors should seek out funds that are able to deliver additional alpha through structural features or active management....

Shares of Nuveen Municipal Credit Income Fund (NYSE:NZF) traded today at $17.59, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 113,000 shares traded hands, while the average 30-day volume is approximately 142,000 shares. Nuveen Municipal...