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Muni Closed-End Funds May Be Ripe For Tax-Loss Sales

TedTed
in The Bullpen
FYI: It's only July, but it's not too early to discuss selling municipal-bond closed-end funds to offset a capital gains tax liability, according to Greg Neer of Relative Value Partners.

Almost 90% of closed-end funds monitored by Bloomberg posted a loss this year as rising interest rates increased the cost of leverage that the funds use to buy longer-dated debt, putting pressure on dividends. In addition, yields on 30-year municipal bonds rose 0.4 percentage point in the first quarter, reducing the value of the debt held by the funds.
Regards,
Ted
https://www.google.com/search?source=hp&ei=RTU_W93EOobWjwTZ1o3ADw&q=investment+news+Muni+Closed-End+Funds+May+Be+Ripe+For+Tax-Loss+Sales&oq=investment+news+Muni+Closed-End+Funds+May+Be+Ripe+For+Tax-Loss+Sales&gs_l=psy-ab.3...1729.9689.0.10743.18.17.0.0.0.0.72.1016.17.17.0....0...1c.1j2.64.psy-ab..1.16.964.0..0j35i39k1j0i131k1j0i67k1j0i131i20i264k1j0i20i264k1j0i131i67k1j0i20i263i264k1j0i20i263k1.0.PIz0b0bMDAk
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