Daily Note | February 8, 2024 | Why I Don't Like Utility CEFs

Markets are a little mixed as the S&P sits just under its all time record and near the 5,000 level. The 10-year yield is now back at 4.15%. Today we get another batch of Fed speakers which could drive rates. We also get a very large 30-year bond auction which could do the same.

From Citibank on rates:

Yields are increasingly looking like they are settling…