BlackRock Taxable Municipal Bond Trust (BBN)

NYSE: BBN · Real-Time Price · USD
17.14
-0.21 (-1.21%)
Oct 7, 2024, 4:00 PM EDT - Market closed
-1.21%
Market Value 1.06B
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out 61.79M
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend $1.11 (6.50%)
Ex-Dividend Date Oct 15, 2024
Volume 286,673
Open 17.30
Previous Close 17.35
Day's Range 17.12 - 17.35
52-Week Range 14.33 - 18.42
Beta 0.67
Analysts n/a
Price Target n/a
Earnings Date n/a

About BBN

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds. The fund also invests in tax-exempt securities, U.S. treasury securities, obligations of the U.S. government, its agencies and instrumentalities, and corporate bonds. It was formerly known as BlackRock Build America Bond Trust. BlackRock Taxa... [Read more]

Sector Financials
Founded 1983
Country United States
Stock Exchange NYSE
Ticker Symbol BBN
Full Company Profile

News

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYS...

7 days ago - Business Wire

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Summary of Distribution Announcements 16 tax-exempt municipal fund...

25 days ago - Business Wire

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Se...

4 months ago - Seeking Alpha

BBN: Inflation Is Persistent, Don't Get Carried Away With Leveraged Plays

BlackRock Taxable Municipal Bond Trust has not performed as well as expected, with returns not keeping up with cash. The high amount of leverage in BBN and lack of progress in inflation make a cautiou...

7 months ago - Seeking Alpha

The 8% Income Portfolio: 2023 Year-End Review

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. ...

9 months ago - Seeking Alpha

The Month In Closed-End Funds: December 2023

For the second consecutive month, both equity (+3.42% on a NAV basis) and fixed income (+3.14%) CEFs on average posted plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV,...

Other symbols: BHKBTOBWGEDFHQLIGRNBB
9 months ago - Seeking Alpha

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...

Other symbols: BDJBGTCAFDSUETXFMYFRA
10 months ago - Seeking Alpha

BBN: Benefiting From A Market That Appears Too Optimistic About Rates

The BlackRock Taxable Municipal Bond Trust is a closed-end fund that invests in taxable municipal debt, offering income-seeking investors a different option to corporates. The BBN CEF's yield of 7.18%...

11 months ago - Seeking Alpha

BBN: Investors Continue To Get Punished By Leverage

BlackRock Taxable Municipal Bond Trust has registered losses and the leverage headwind has not evened out. Higher short-term rates on highly leveraged funds remain a stubborn headwind, making a "buy" ...

1 year ago - Seeking Alpha

BBN: The Security Of Municipals And A 7.05% Yield

The high rate of inflation in the U.S. is causing the cost of living to rise significantly, putting financial strain on American consumers. Investors can consider purchasing shares of closed-end funds...

1 year ago - Seeking Alpha

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?

Municipal Closed-End Funds: Near-Term Pain, Long-Term Gain?.

Other symbols: BFKBFZBHVBKNBLEBMNBNY
1 year ago - Seeking Alpha

BBN: Taxable Munis Continue To Present An Opportunity

BlackRock Taxable Municipal Bond Trust is trading at a sharp discount to NAV, along with one of its sister funds. Taxable munis appear safe, as state coffers have seen their "rainy day" funds grow ove...

1 year ago - Seeking Alpha

The Near-Perfect Portfolio: Sleep Well During Turbulent Times

The stock market is inherently volatile. With the economy going through the boom and bust cycles more frequently, the extreme ups and downs of the market are inevitable. For most conservative investor...

1 year ago - Seeking Alpha

The Month In Closed-End Funds: January 2023

For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three.

Other symbols: EDFGFGGTIGRKIOMXEMXF
1 year ago - Seeking Alpha

CEF Weekly Review: Key CEF Lessons Of 2022

We review closed-end fund market valuation and performance through the second week of January and highlight recent market action. CEFs continue to power ahead, stringing together two strong weeks in a...

Other symbols: FINSLDPNADNBB
1 year ago - Seeking Alpha

The 8% Income Portfolio: 2022 Year-End Review

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-o...

1 year ago - Seeking Alpha

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Other symbols: ACPAGDASGIBYMCEECHIDCF
1 year ago - Seeking Alpha

BBN Vs. NBB: Comparing Taxable CEFs From Different Managers

The BlackRock Taxable Municipal Bond Trust benchmarks against the Bloomberg Taxable Municipal Bond USD index. The Nuveen Taxable Municipal Income Fund benchmarks against the same benchmark. I wasn't a...

Other symbols: NBB
1 year ago - Seeking Alpha

CEF Weekly Review: Gauging Portfolio Yields Remains Tricky At Best

We review CEF market valuation and performance through the third week of November and highlight recent market action. The CEF market was fairly flat this week after a volatile few months with Muni sec...

Other symbols: FPFJPI
2 years ago - Seeking Alpha

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Other symbols: ACPAGDASGICEECRFDBLEEA
2 years ago - Seeking Alpha

CEF Report July 2022: Not Safe To Tread In Taxables Just Yet

CEF NAVs took a big hit in June and continue to show downward trends as they have for most of this year. That trend is driven by wider spreads. Discounts have tightened a bit in recent weeks and are b...

Other symbols: DMOEICMVFNCZNHSNZFOIA
2 years ago - Seeking Alpha

BBN: I Still See Value Here

BBN has had a poor return in 2022, but its recent momentum and current discount to NAV continue to suggest buying is warranted. Taxable municipal debt continues to have strong credit quality, and supp...

2 years ago - Seeking Alpha

BBN: Getting Too Cheap To Ignore

Municipal debt continues to be well supported by few defaults and a strong credit backdrop for IG debt.

2 years ago - Seeking Alpha

The Near-Perfect Portfolio For The Bull Markets And The Bear Markets

No portfolio or strategy can be perfect. But can there be a strategy that can work well in a bull market, a bear market, or a stagnant market, generate a decent income, and conserve capital, all at th...

3 years ago - Seeking Alpha

BBN: Hard To Get Excited At This Price

Muni bonds continue to make up the bulk of my fixed-income position. This includes both tax-exempt and taxable holdings, such as BBN. Looking ahead to 2022, I think the sector will hold up well. Howev...

3 years ago - Seeking Alpha