- BySeeking Alpha-
His initial impression - that the tax bill would eliminate 20%-33% of the muni market - now looks conservative upon further inspection, writes Joe Mysack at Bloomberg."To...
While the newly-passed budget doesn't address much in way of the long-term, the risk of a liquidity crisis has passed, says S&P, removing Illinois' general obligation debt from...
BlackRock MuniYield Fund, Inc. is a non-diversified closed-end management investment fund. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Fund invests over 75% of its assets in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity of approximately 10 years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in various sectors, such as transportation, health, education, corporate and utilities. BlackRock Advisors, LLC is the Fund's investment manager.