CEF Report October 2021 | Cracks Form In The Cement

Summary

• The CEF market has taken a small step back in the last month, especially in the rate sensitive areas of the market.

• Munis have seen discounts widen and NAVs fall by a not insignificant amount.  If you believe rates have peaked, it may be a good time to get in.

• Closed-end funds are a backdoor way to get into private debt markets through their closed…