Nuveen Dividend Advantage Muni 3 NZF
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CEF Preferreds Anyone?
… Pfd 11/1/2015 9/30/2010 2.10% $0.21 $10.00 $10.00 11/1/2011 11/1/2015 Aaa AAA 1st day of each month NZF -C 67070X507 Nuveen Dividend Advantage Municipal Fund 3, 2.80% MTP Pfd 1/1/2016 12/16/2010 2.80% $0.28 $10 …
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Appreciate thoughts on hedging my rather large CEF muni bond position..
… for me and would like to hear creative ways to hedge the risk while also getting a monthly distribution. TIP comes to mind but I have no experience with TIP. Funds I hold are BIE,AFB,BBN,MYD,MUI, NZF ,KTF,LEO, IQT, KSM,MVT.
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When 10yr Treas = 3.75%, where was......
… and the differences from last Friday's close: CEF 2/8/11 px Diff from Friday AFB 12.63 (1.52) (Whitney Bottom!) NZF 13.13 (1.28) ( " " ) PFN 10.51 +0.61 PKO 26.84 +0.76 FMY 19.11 (0.42) JHS 14.19 (0.94) HPS 16.48 …
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Some NAVs vs. Mkt Px This Week
… HPS +3 (23) FMY +7 +6 PSW (12) (39) went ex-div AWF +5 (26) DMO +1 (59) GDO +2 (25) AFB (12) (110) NZF (20) (91) BSD (20) (97) VGM (21) (88) Bottom lines: Actual taxable spread products (non-Treasurys) had mostly …
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Muni CEFs Topping?
… additionally noted the yield of the 30yr, VGM and NZF at those times. The CEF yields were computed ..... to avoid that. Date 10yr% 30yr% VGM% NZF % 5/02 5.16 5.40 6.68 6.49 6 ..... traded at 10yr+ 152, 45, and 18 bps. NZF traded at 10yr+ 133, 85, and 34 bps …
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Sabote's continued pathology and my reluctant decision
… NPI). Mine have paid me around 6.5% tax free for 11 1/2 years now. Added two new ones beginning 13 months ago (NXZ & NZF ) that are paying 6.5%-6.9%. Don what could go wrong with a muni fund that is closed end, has a high expense ratio …
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Some Research: Treasurys vs Muni CEFs
… market price and annualized distributions. Here we go for the rate cycle peak in 2006: Muni CEF Avg Dist Avg Px Avg Dist Yield NZF .0754 15.18 5.96% BBK .0864 17.23 6.01% VGM .0679 14.50 5.62% So what might we deduce from all this. Maybe …
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Living on Bonds Part 3
… added up the % of bonds of A or better wanting to stay at the high end of credit rating. This leaves MFL, NIO, NPM, NPI & NZF with 80% of bonds rated A or better to select from. 7. This leaves only two fund families and since it doesn't appear to …
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Random rambles about "Twist"
… VKL, MYC,FMN, KTF,NZH,NMZ, NMO, NZF , NXZ, MAV, AFB, VGM, NMD, and EIM ..... NMZ gained a few basis points. NMO, NZF , NXZ, MAV, AFB, VGM, NMD, and EIM ..... FOMC twist on CEF Muni leverage for NMO, NZF , NXZ, MAV, AFB, VGM, NMD, and EIM …
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Dick and others on taxable FI
… and sold my only taxable FI position PFN.Plan to buy it later at a hopefully better entry (<$9 perhaps?). Planning to hold my taxable muni NZF though.Will add more to munis if there is a yr end sale. Thanks for all your helpful posts