NAD: Muni Bonds Down Big, Five 8%+ Yield CEFs On Sale

Municipal bonds just sold off hard over the last month, and many big-yield muni-bond CEFs (with yields over 8%) sold off even harder. This article shares data on 5 top big-yield muni-bond CEFs—with a special focus on the Nuveen Quality Municipal Income Fund (NAD)—and then explains the selloff, the big risks, the tax consequences (particularly related to anyone receiving Medicare or Affordable Care Act subsidies) and then finally concludes with a strong opinion on investing.