Tax-Free Muni CEF Update | March 2021

Summary

• Tax free munis were hit by rising rates over the last month.  Despite that headwind, fund flows continued to be positive.

• We will take an in depth look at the sector along with our outlook for rates and thus, NAVs.

• We continue to like high yield munis especially now that the latest Covid relief bill has passed.

• Our picks remain NMCO, MYI, NID, OIA a…