I don't understand why all these munis are getting worked lately.
you can thank meridith whitney for the muni decline
I think we will get a pop at the open. This thing got way oversold at the close.That said, not sure I would be as optimistic a month or two out.GLTA
I'm interested in buying PZA and would like to know what problems you see coming up in the next few months. I'd probably hold this for 10 years. and would hope to avoid any loss of principal. TIA
I sold that pop at the open on Friday and never looked back. I was actually surprised PZA didn't get closer to NAV but, so be it. I was out before lunch.
On Veterans Day the bond market is closed. The usual ETF arbitrage mechanism was not available today, so the market price diverged from NAV.
"Worked" is putting it lightly. This bond fund is moving more like an ultrashort financial fund.I believe it has to do with Harvard, California, and other states selling millions in muni funds to the market, essentially inflating the supply.
I'm really getting nervous hold on. With all the talk every day about bond's and muni's and treasuries being such a risk I wonder about the future six months to a year out if I continue to hold on?I only bought this fund as recently as four months ago for safe income.