CEF Report May 2021 | The Tight Get Tighter
Summary
In the first quarter, closed-end fund ("CEF") discounts tightened by 261 bps from -6.3% to -3.7%. But in the month of April, we saw another 80 bps of closure.
we think the muni CEF space looks relatively attractive compared to the taxable bond CEF categories.
As such, we've been trimming many of our taxable bond CEF positions while increasing the …
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