Daily Note | May 29, 2024 | Apollo CEFs Close To Gaining Shareholder Approval

This failed to send yesterday- I apologize.

Markets are decidedly lower thanks to higher interest rates. The 10-yr yield is back to 4.60% which is causing the selling pressure. The biggest driver of the higher yields is likely a fear of inflation flaring back up primarily due to the strength in the housing market and weak auctions.

Home prices in America's 20 largest cities rose for the 13th strai…