Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride [Seeking Alpha]
Nuveen Quality Municipal Income Fund (NAD)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nad
Company Research
Source: Seeking Alpha
Separately, muni CEF discounts are wide and higher-quality bonds look best. We highlight a couple of new allocations including the unleveraged CEF NMI, a term CEF BMN as well as two ETFs. Looking for a helping hand in the market? Members of Systematic Income get exclusive ideas and guidance to navigate any climate. Learn More » In this article we take a fresh look at the municipal fund space, with a particular focus on tax-exempt muni CEFs. The sector has gone on a rollercoaster ride with a sharp rise in yields starting in 2022 and what looks like a blow-off top late last year after which yields have fallen and stabilized somewhat. Our main takeaways are that one, longer-dated municipal bonds look fairly attractive relative to shorter-dated munis as well as corporate bonds on a tax-equivalent basis. Two, high-yield munis are not as compelling as they have been earlier due to credit spread tightening. And three, muni CEF discounts remain attractive and are likely to tighten fro
Show less
Read more
Impact Snapshot
Event Time:
NAD
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
NAD 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
NAD alerts
High impacting Nuveen Quality Municipal Income Fund news events
Weekly update
A roundup of the hottest topics
NAD
Sec Filings
- 5/3/24 - Form SC
- 5/1/24 - Form SC
- 5/1/24 - Form 4
- NAD's page on the SEC website