2024-05-18 07:33:23 ET
Summary
- Here is an evaluation of the Nuveen Taxable Municipal Income Fund as an investment option at its current market price.
- After a nice run since mid-2023, I view the recent gains as a time to take some profit and am downgrading my outlook going forward.
- Taxable munis remain challenged by higher interest rates and inaction by the Fed. Further, investors have poured into the sector in 2024, mitigating the contrarian play I saw last year.
Main Thesis & Background
The purpose of this article is to evaluate the Nuveen Taxable Municipal Income Fund ( NBB ) as an investment option at its current market price. This fund is run by Nuveen and its primary objective is "current income through investments in taxable municipal securities"....
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For further details see:
NBB: Outlook For Taxable Munis Remains Modest In 2024 (Rating Downgrade)