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Muni CEFs Look Better (And Buyable) But Not Great

Muni CEFs Look Better (And Buyable) But Not Great

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Yield Hunting
May 31, 2022
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Muni CEFs Look Better (And Buyable) But Not Great
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Summary

  • 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 valuations are all over the place so investors can benefit from using the…

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