More Relative Value Trades And Opportunities | Munis

Summary

• The muni CEF space is largely buy-and-hold (or long-term rental agreements ;o).  But right now there is a lot of dislocation in the sector.

• Some funds are extremely expensive while others are relatively cheap.  Making swaps makes sense to rotate into the better opportunities and see more discount closing tailwinds.

• Make sure you watch your tax cons…