Municipal And CEF Update | Analysis And Recommendations
Summary
Muni CEF discounts are closing by the day. I believe they will reach a premium in the next few months (perhaps sooner).
We have remained steadfastly bullish on tax-free munis, especially high yield munis in 2021, for numerous reasons.
Our view is that rates have made the bulk of their upward move for the cycle already. Given that, we do not think …
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