Blackrock Municipal 2030 Target Term Trust (BTT)
BTT Price and Sentiment
BTT Latest news
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Tax-exempt municipal yields have trended down since the start of the year on the back of strong demand from investors and lower Treasury yields.
The municipal sector has remained resilient this year despite a rise in Treasury yields.
As Q1 comes to an end, we take a look at the performance of the CEF market year-to-date. We also take a look at the key drivers of CEF discounts going forward.
The tax-exempt CEF sector has proven to be relatively resilient over the past year, generating attractive absolute and risk-adjusted returns.
I have recently covered several Municipal Bond CEFs as their risk-reward profiles looked good, especially when tax rates appear to be going up. BTT is not one of them. My understanding is any CEF using the verbiage 'Target Term' means most assets held mature near the termination date. Again, BBT is not one of them.
Allocating to municipal bonds can be a fraught proposition of having to choose duration, credit quality, investment vehicle and other investment characteristics.
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