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.
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.