Weekly Municipal Bond CEF Trades - A 5.64% Yielder With A Potential Hedging Reaction [Seeking Alpha]
BLACKROCK MUNI ENHANCED COMMON (MEN)
US:NYSE Investor Relations:
blackrock.com/investing/products/240257/blackrock-munienhanced-fund-inc-usd-fund
Company Research
Source: Seeking Alpha
Summary Introduction Closed-end funds do not seem like the best place to be for active traders, at least on paper. However, these products have been our bread and butter for a while now, and as long as we are capable of detecting opportunities and successfully acting on them, we intend to keep on rolling. Active followers have taken note of the 'Weekly Review' series, and it would only be appropriate to complement these articles with a follow-up, like this one, whose goal is to highlight the funds of interest to us. Statistical Comparison And Potential Trades The current market conditions are severe for the fixed income instruments. The affected group includes the municipal sector, as well. Over the past week, the price of the iShares National AMT-Free Muni Bond ETF (NYSEARCA: MUB ) went down, driven by the pressure of the rising yields. The situation around the interest rates is important for the municipal bond CEFs. Fixed income instruments can be divided into
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