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BTZ / CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation. Read More
Posted: Sep 1 2023, 15:47
Author Name: Seeking Alpha
Views: 111041

BTZ News  

BTZ: Decent Fund, But May Be Best Suited For A Pair Trade

By Seeking Alpha
October 12, 2023

BTZ: Decent Fund, But May Be Best Suited For A Pair Trade

The BlackRock Credit Allocation Income Trust offers a high yield of 10.29%, but it is lower than other fixed-income closed-end funds. The BTZ closed-e more_horizontal

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

By Seeking Alpha
September 1, 2023

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas o more_horizontal

BTZ: This CEF Remains Attractively Valued

By Seeking Alpha
August 7, 2023

BTZ: This CEF Remains Attractively Valued

BlackRock Credit Allocation Income Trust provides diversified exposure to fixed-income securities with a multi-sector approach. BTZ remains attractive more_horizontal

BTZ: Multi-Sector Bond Fund At A Discount

By Seeking Alpha
April 3, 2023

BTZ: Multi-Sector Bond Fund At A Discount

BTZ invests with a split between investment-grade and below-investment-grade debt with a multi-sector approach. The fund's latest discount has dropped more_horizontal

BTZ: Buy If You Think Yields Will Go Lower

By Seeking Alpha
February 17, 2023

BTZ: Buy If You Think Yields Will Go Lower

BTZ provides high current income from a portfolio of credit instruments. It has a relatively high duration of 6.4 years, which caused 2022's poor perf more_horizontal

BTZ: Getting To A Better Valuation For This Multi-Sector Bond Fund

By Seeking Alpha
December 4, 2022

BTZ: Getting To A Better Valuation For This Multi-Sector Bond Fund

BTZ has been under pressure along with everything else through 2022 as interest rates have wreaked havoc. Now that some large declines are in and the more_horizontal

BTZ: More Weakness Ahead Despite A Solid Build

By Seeking Alpha
January 22, 2022

BTZ: More Weakness Ahead Despite A Solid Build

BTZ: More Weakness Ahead Despite A Solid Build more_horizontal

BTZ: More Weakness Ahead Despite A Solid Build

By Seeking Alpha
January 22, 2022

BTZ: More Weakness Ahead Despite A Solid Build

BTZ: More Weakness Ahead Despite A Solid Build more_horizontal


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