NBB: A More Attractive Taxable Muni Fund [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
Summary CEF discounts held in on Tuesday despite sharp moves lower in risky assets. We recently recommended BBN, however, it is unfortunately no longer trading at bargain prices and another taxable muni fund - NBB is more attractive. We like NBB for its attractive discount valuation, decent historic returns, controlled price drawdowns and high distribution coverage. Risky assets tumbled again on Tuesday, despite bold moves by the Fed and other central banks. The CEF market, however, remained firm in discount terms, we suspect, because income investors continued to snap up bargains. We recently recommended the Blackrock Taxable Municipal Bond Trust ( But First, A Bird's Eye View Of The CEF Market In this section, we take a look at how the overall market has performed since the drawdown began. The price behavior across CEFs has on aggregate been as expected: as risky assets have dropped and volatility risen, CEF discounts have widened and NAVs have fallen. While this is true in aggregat
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Sec Filings
- 11/26/24 - Form NPORT-P
- 11/6/24 - Form SC
- 10/30/24 - Form 4
- BBN's page on the SEC website