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BNY Mellon Strategic Municipals, Inc.
LEOFinancial ServicesNYSEUS
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Starlab Space Stations and 1789 Capital announced 1789 Capital's strategic investment in Starlab. The investment reflects mounting confidence that Starlab â
European satellite operator Eutelsat on Tuesday reported third-quarter revenue broadly in line with market expectations, as growth in its low Earth orbit internet business helped offset continued weakness in video.
BNY Mellon Strategic Municipals, Inc. is a closed-end fund primarily investing in investment-grade municipal tax-exempt debt with long-term maturity profiles. LEO's municipal bond fund offers an unsubsidized SEC yield of ~4.81%, which on a tax-equivalent basis equals ~8.13% for an investor in the highest tax bracket. The current elevated interest rate levels along with a higher term spread suggests some possibility of a medium-term mean reversion for the performances. The credit spreads however remain tighter.
Municipal bonds offer tax-exempt income with lower default risk than similarly rated corporate bonds, making them attractive for higher-income investors. Long-duration munis are well-positioned to benefit from a potential decline in long-term interest rates. Closed-end funds provide diversified exposure but vary meaningfully in leverage, credit risk, distribution strategy, and discounts to NAV.
STMicroelectronics to host investor call on the LEO opportunity Geneva – April 23, 2026 – STMicroelectronics N.V. (NYSE: STM) will host a webcast for investors and analysts on May 4, 2026, on the LEO opportunity, hosted by Remi El-Ouazzane, President of ST's Microcontrollers, Digital ICs and RF products Group.
Eutelsat remains a hold as its strategic pivot to LEO satellites is underway, but near-term upside is limited. The recent capital raise de-risks the balance sheet, yet shareholder dilution occurred instead of strategic government investment. LEO revenue growth is strong but not yet offsetting declines in legacy GEO and video segments, pressuring EBITDA margins.
