Western Asset Intermediate Muni Fund

SBI

Market cap $112M

Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Shares of State Bank of India (SBI) gained more than 2.2% during early trading on Monday after the country's largest lender reported better-than-expected June quarter earnings. The stock opened at Rs 817.

India's benchmark indices, Nifty50 and Sensex started the day in green after a muted week.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.