BBN: Optimistic Outlook Fades For Taxable Muni Fund That Has Been Outperforming Equities [Seeking Alpha]
BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest (BBN)
US:NYSE Investor Relations:
blackrock.com/investing/products/240174/blackrock-build-america-bond-trust-fund
Company Research
Source: Seeking Alpha
BBN: Optimistic Outlook Fades For Taxable Muni Fund That Has Been Outperforming Equities Feb. 24, 2020 12:21 PM ET | About: BlackRock Build America Bond Trust (BBN) by: Dividend Seeker ETF investing, dividend investing, long-term horizon, value Summary BBN has seen a sharp two month return, actually exceeding the gain posted by the S&P 500, which is unusual for a risk-on market. The fund holds a large share non-callable bonds, which is helping support its underlying value despite a large amount of refinancing activity. While an upcoming presidential election could cloud the market outlook for munis, I believe these bonds will continues to see strong demand, especially from non-US residents. Main Thesis The purpose of this article is to evaluate the Taxable Municipal Bond Trust ( Despite not having the tax-advantages of their tax-exempt counterparts, funds like BBN have been seeing strong gains in the short-term as investors have been on the hunt for yield wherever they can find it. Wi
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Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- BBN's page on the SEC website