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Municipal CEF Update | Back To Favorable Trend, Overweighting
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Municipal CEF Update | Back To Favorable Trend, Overweighting

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Yield Hunting
Dec 08, 2021
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Municipal CEF Update | Back To Favorable Trend, Overweighting
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Summary

  • Muni CEFs peaked in early August.  Since then, discounts have widened by 2-3% while NAVs fell by about 3.5% through the end of Oct.

  • Since then, NAVs have started to rebound as we have passed the seasonally weakest part of the calendar for the muni market.

  • Tax loss harvesting in CEFs seems to also have passed and discounts have stabilized but have y…

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