Carrying costs are a powerful tool for finding municipal CEFs at a bargain.
2013 was not a pretty year for investors in municipal closed-end funds.
Many of the issues that plagued bond funds in 2013 may persist through 2014.
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Investors lock in profits in high-yield bond funds and increase flows to government-bond funds.
ETFs can offer better tax efficiency, but mainly in the domestic-equity realm.
Premiums and discounts on your bond ETF aren't as bad as you think.