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No. of Recommendations: 6
The yield is close to 8% and trades about 9.85% discount to NAV.

http://www.cefconnect.com/Details/Summary.aspx?ticker=BBN

http://www.blackrock.com/investing/products/240174/

YTM is 7% and effective maturity is 15 years.

The holdings have WAL (Weighted average life) to maturity of 34 years. What this means if the YTM moves from 7% to 8% then the NAV will lose 34%. So the raising interest rates do impact. Also, the funds has 35% leverage. Meaning if the short-term rates goes up then the interest cost increases and reduces the income and thus the payout and further impacts.

So, if you believe the interest rates are not going to go up very fast or long-term rates may stabilize then you may want to consider this.

PS: I am not sure whether I posted this in the past, if I have sorry about it
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