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Muni Closed End Fund Update - August 2023

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Yield Hunting
Aug 17, 2023
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Summary

  • Municipal bonds faced challenges in 2022, but their temporary drop in value presents a buying opportunity with higher yields.

  • Muni CEFs have higher portfolio yields, but net investment income has been impacted by increased leverage costs.

  • Muni CEFs have significant upside potential once interest rates normalize, but individual munis offer lower ris…

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