Eaton Vance Municipal Bond Fund shares rise 3.06% intraday after announcing preliminary results.

Eaton Vance Municipal Bond Fund rose 3.06% during intraday trading, with the company announcing preliminary information about its non-diversified, closed-end management investment company. The fund's objective is to provide current income exempt from federal income tax, primarily investing in debt securities issued by municipalities. The fund may also invest in residual interest bonds and purchase derivative instruments, which could be seen as a positive development for investors seeking tax-exempt income.