Daily Note | April 4, 2024 | FSCO And PDX Are Must Buys In CEFs

Markets are now completely ignoring the blow-off top in yields from the first two days of this week thanks to Powell's speech yesterday where he stated the recent data didn't 'materially change the overall picture' on inflation. That stabilized the bond market and yields fell from 4.40% to 4.30% reversing the trend.