|Bid||25.00 x 2200|
|Ask||26.21 x 1800|
|Day's Range||25.25 - 25.60|
|52 Week Range||18.55 - 27.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.40 (5.57%)|
|Ex-Dividend Date||Dec 30, 2020|
|1y Target Est||N/A|
Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below.
Municipal bonds and tax-exempt debt are no longer synonymous. Taxable municipal bonds are the fastest-growing sector in U.S. fixed income. The market’s obscurity is part of the reason for yields that can be 0.5 percentage point to 1.5 percentage points higher than those of similarly rated corporate debt. The main driver for the growth in taxable munis was a 2017 change in the tax law that prevents state and local governments from refinancing older high-rate muni debt in advance of their maturities with new tax-exempt bonds.
Ben Barber, Director of Municipal Bonds at Franklin Templeton, joins The Final Round to discuss the overall health of the municipal bonds market and what the 2020 election could mean for it going forward.