Fitch Takes Various Rating Actions on Enhanced Municipal Bonds and TOBs
Low rates and modest yields have raised the profile of subsectors that were previously considered more niche than core, such as municipal tobacco.
Some muni funds, such as Oppenheimer, are over-exposed to the risky bonds.
Of the muni bond funds tracked by Morningstar Inc., OppenheimerFunds stands out as the biggest fan of debt issued by financially-strapped island nation.
Investors' Flight From Negative Rates Flattens Yield Curve
Fitch Affirms FMTP Shares Issued by MainStay DefinedTerm Municipal Opportunities Fund at 'AAA'
The year 2015 has been a decent one for muni-bond closed-end funds.