Nuveen Taxable Municipal Income Fund Price & Performance (NBB)

U.S. Treasury yields rose this week, reflecting upbeat economic data and hawkish Federal Reserve commentary. Municipal bond yields ended mixed, with short-term rates dipping and long-term rates rising. Despite relentless new supply, fund inflows remain positive, and municipal bonds are attracting crossover buyers seeking relative value amid ongoing volatility.12

Nuveen has launched a High Income Municipal SMA, expanding access to high-yield, tax-exempt bonds for investors. The strategy allocates at least 40% to investment-grade bonds and up to 60% in higher-yielding securities, aiming to generate enhanced tax-free income. This move broadens Nuveen’s $200 billion municipal platform and targets the growing SMA market.32

Effective May 9, Steve Hlavin has joined Dan Close and Stephen Candido as a portfolio manager for the Nuveen Municipal High Income Opportunity Fund. The fund’s investment objectives remain unchanged, continuing its focus on high current income exempt from federal taxes and attractive total return through diversified municipal holdings.42