Buying Premium Municipal Bonds at a Discount

Everybody likes a bargain. One such bargain today lies in municipal bond closed-end funds. Although they are not as attractive as they have been at in other points in time, municipal bond closed-end funds currently have an average discount to net asset value of around six percent. This means that investors can purchase $1.00 worth [...]

Municipal Bond Funds May be Undervalued

In our opinion municipal bond closed-end funds (CEF’s) are well positioned for price appreciation in the future. We started a rebound in price on the first trading days of 2019 (source: Bloomberg). However, it is our opinion that these shares are still significantly undervalued. Our research indicates three reasons that we believe substantiates this belief, [...]