2024-02-05 07:30:00 ET
Summary
- Municipal Bond CEFs are trading at their largest discounts in 18 years. Factors contributing to the discounts include higher short-term rates, ownership of longer-term municipal bonds, and leverage.
- Nuveen Municipal Credit Income Fund is reviewed, with a focus on its holdings, distributions, and price/NAV performance.
- After reviewing NZF and comparing to three other Nuveen CEFs, I would rate this choice as the best Buy.
Introduction
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NZF: Nuveen Muni With Average Statistics Still Rates A Buy