Following the Federal Reserve's rate hike to 4.00% and a rise in the 10-year Treasury yield to 4.96%, four leveraged municipal bond closed-end funds (CEFs) saw significant price drops in September, pushing their tax-free yields to around or above 8%. These funds—three Nuveen and one BlackRock—now trade at discounts to their net asset values, offering higher yields than the popular iShares National Muni Bond ETF (MUB), which yields less than 8% but has a much lower expense ratio and no leverage. Investors seeking higher monthly tax-free income might consider rotating part of their MUB holdings into these CEFs, especially Nuveen Municipal Credit Income Fund (NZF), which offers the highest yield and strong earnings coverage. However, these leveraged funds carry higher risk and expense ratios, so a partial rotation rather than a full switch is advised for taxable accounts.
The Fed rate hike and its impact on municipal bond funds provide context for Pluang's market snapshot as of Sep 25, 2026 04:41 WIB: Of 150 priced US stocks tradable on Pluang, 69 rose and 80 fell today. Notable movers include KGC (Kinross Gold Corporation) down 11.44%, U (Unity Software Inc) down 7.01%, and MRNA (Moderna, Inc.) up 6.91%, with Pluang order activity showing 100% buy for KGC and 87% sell for MRNA.
Costco reported a strong Q4 earnings per share (EPS) of $6.75, surpassing analyst expectations of $6.54, helped by tariff refunds. Although quarterly revenue of $93.87 billion slightly missed the $94.97 billion forecast, net sales rose 11.2% year-ove...
Vistry Group reported a significant first-half pre-tax loss of £661.3 million, driven by a £475 million goodwill impairment and increased building safety costs. Revenue fell to £1.42 billion, and operational performance weakened with fewer home compl...
Vail Resorts is set to report its Q3 2026 earnings on September 28, with analysts forecasting a loss per share around -$5.30 and revenue near $271 million, indicating flat performance year-over-year. The company’s financial health shows a high Debt-t...
Western Union faces multiple analyst downgrades with price targets cut to as low as $6.00, reflecting concerns over its profitability and competitive pressures from fintech rivals. The stock has fallen over 15% in the past month, trading near $6.00, ...
Citigroup lowered ACADIA Pharmaceuticals' price target from $40 to $33 after its Alzheimer's drug remlifanserin missed the primary goal in a mid-stage trial, causing a 10.5% stock drop. Despite this, Citigroup kept a "Buy" rating, citing promising se...
