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Daily Note | November 2, 2023 | CEF Distribution Day Was A Non-Event
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Daily Note | November 2, 2023 | CEF Distribution Day Was A Non-Event

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Yield Hunting
Nov 03, 2023
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Daily Note | November 2, 2023 | CEF Distribution Day Was A Non-Event
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This note failed to post yesterday.

Summary

  • Markets rise for the third consecutive day due to a bond rally and positive energy sector performance.

  • Fed Chair Powell expresses satisfaction with efforts to bring down inflation and wage inflation.

  • The yield curve experiences a significant move without Fed involvement, driven by the long end of the curve rising …

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