Daily Note | March 7, 2024 | Senior Loan CEFs Are Expensive. Rotate?

Markets are looking up a day after the three major averages were higher, with the possibility of back-to-back winning sessions after back-to-back losing sessions.

Yields continue to move lower and broke below 4.05% this morning before heading back towards 4.10%. This was part of our thesis in the March Newsletter of a narrative shift back to dovishness a…