|
Post by chang on Jan 19, 2022 9:43:48 GMT
NMZ just dropped into discount territory. Is it interesting to any muni buyers?
I’ve had this on my watch list for a while. (Yes I know I just gave six reasons not to invest in CEFs, but I will make an exception, if warranted, for municipal bond CEFs. I have had success with these before.)
Actually I’d prefer to see a discount in the 10-15% range. Perhaps some patience is called for here.
|
|
|
NMZ
Jan 19, 2022 10:09:55 GMT
chang likes this
Post by richardsok on Jan 19, 2022 10:09:55 GMT
Excepting floating rate or very short term paper, I wouldn't consider bonds at this time. Muni or not.
HFRO might be a possibility. Haven't looked deeply into it, but cefconnect indicates it's earning its monthly 8.3% yield, and is evidently at deep discount. But watch that NAV; pretty darn steady --- so far.
Am also watching PDI, PDO, PTY, PFN for signs of support. FTF chart going bonkers.
|
|
|
NMZ
Jan 19, 2022 10:37:05 GMT
via mobile
Post by chang on Jan 19, 2022 10:37:05 GMT
Thanks Richard. I am actually out of taxable bonds > 1 year duration, except for Global Wellington. That’s a core holding I hope they’ll bury me with.
But I remain very heavy in LT muni OEFs. I hope they don’t do me in. I reinvest divvies and have considered them B&H-forever holdings. Please keep VWALX and PHMIX in your prayers.
Edit: wait, that’s not true. I am still keeping VWEAX. I think the duration is 3.something years. I’m not ready to throw in the towel on HY.
|
|