CEF Report | Jan 2025 | Valuations Remain Rich... And Cheap. BRW/SABA

The closed end fund ("CEF") market remains in much of the same place that it was at the end of the third quarter. We had cheaper valuations on muni CEFs while taxable CEFs are fairly rich.

Interest rate fears are typically the number one 'fear' in the CEF marketplace. I've said in the past that interest rate concerns are best displayed in fixed income CE…