BlackRock Investment Quality Municipal Trust Inc. (BKN)
BKN Price and Sentiment
BKN Latest news
The muni CEF sector has continued to rally this year due to the resilience of municipal bond yields and tight CEF discounts.
We review CEF market valuation and performance over the first week of June and highlight recent events. The CEF market pushed higher at the start of June with a favorable backdrop of stable Treasury yields and rising equity prices.
22 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week. Commodities lead while senior loans lag.
BKN: Strong Municipal Bond Fund, 4.9% Yield, Investment Grade Holdings, Market-Beating Performance