Daily Note | December 20, 2024 | Muni CEFs, PDX Special, Buy List

Markets are higher as the PCE inflation report came in under expectations pushing down yields a bit. The move in the markets may be due to the failure of congress to pass a government funding measure. Without a deal, a government shutdown is slated for later tonight.

The PCE report was +2.4% y/y, compared to an estimate of +2.5% y/y. Core PCE was also a …