BBN: Inflation Is Persistent, Don't Get Carried Away With Leveraged Plays [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
The high amount of leverage in BBN and lack of progress in inflation make a cautious "hold" rating more appropriate. The expected increase in new muni issuance and struggles in the commercial real estate market pose risks for the municipal bond market. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Main Thesis & Background The purpose of this article is to evaluate the BlackRock Taxable Municipal Bond Trust ( NYSE: BBN ) as an investment option. This fund offers exposure in taxable municipal bonds, with an objective to "seek high current income, with a secondary objective of capital appreciation." As my followers know, I follow BBN closely and write about it a few times a year. Back in March 2023, I saw the potential for some gains for this fund and believed inflation and rate cuts may prove to be tailwinds in the second half of the year. Looking back, this view was too optimistic. BBN has delive
Show less
Read more
Impact Snapshot
Event Time:
BBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BBN alerts
High impacting BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
BBN
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