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0 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Commodities lead while MLPs lag. MLPs are the most discounted CEF sector. For further details see: Weekly Closed-End Fund Roundup: June 19, 2022
Despite rising Treasury yields, the Muni sector continues to outperform as the current market dislocation hits lower-quality sectors harder. We take a look at a number of misconceptions held by some CEF investors, especially regarding PIMCO vs. Nuveen funds. We continue to find th...
CEF discounts continue to meander without direction for most of the last few months (outside the mid-May one-week swoon). In terms of valuations, senior loans are the cheapest, followed by Limited Duration and Global Income. High yield and Investment grade round out the top 5 cheapest...
Muni CEFs have taken quite the beating this year and discounts have widened out - though not nearly as much as I would have expected. NAVs have stabilized as rates have started to come back down from cycle highs. The 10-yr hit 3.2% in early May and now sits at 2.74%. Muni CEF valu...
1 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Volatility brings CEF rotation opportunities. Examples of three (non-portfolio) swaps. For further details see: Weekly Closed-End Fund Roundup: Volatility Brings CEF Rotation Opp...
The current market sell-off has been unrelenting and broad-based, offering few respites for investors. We take a look at how the current drawdown compares to the other ones we have seen this century to gauge its likely extent. We also highlight a number of themes we are following ...
A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...
How the market environment will develop in the medium term is highly uncertain due to an unusual post-pandemic recovery, an unusually high level of inflation and a Fed hiking path. We discuss how income investors can aim to build an All-Weather portfolio - a portfolio that combines di...
7 out of 23 CEF sectors positive on price and 11 out of 23 sectors positive on NAV last week. CLM/CRF rights offerings expiring this week. NEV/NZF have merged. BTO increases its quarterly distribution. For further details see: Weekly Closed-End Fund Roundup: June 5, ...
I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are probably the two most popular when it comes to high-yields (PIMCO) and the sheer number...
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2024-07-13 12:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-25 05:00:43 ET Some of our favorite high-yield dividends just did something stunning: They sent their investors’ payouts soaring—in some cases by more than 30% overnight. All of these high-paying dividend growers are municipal bond funds , a corner of the m...
2024-06-19 05:00:33 ET Only here at Contrarian Outlook can we banter for an hour-plus about closed-end funds, utilities and oil dividends! This site is our sanctuary, my income friends. I’m talking about our Contrarian Outlook 2024 Q2 VIP Webcast. Every quarter we fire up GoT...