Positive
Seeking Alpha
8 months ago
Sell Equities, Buy Municipal Debt At A 7.21% Discount With Nuveen California Municipal Value Fund
Given the tight treasury yield spread, investing in low-leveraged, tax-exempt municipal bonds like Nuveen California Municipal Value Fund is optimal. Treasury bonds are safest, but equity investors aren't demanding higher premiums for higher risks, making municipal bonds more attractive. NCA offers an optimal risk-adjusted return.