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Daily Note | Oct 26, 2023 | The Decline Continues

Daily Note | Oct 26, 2023 | The Decline Continues

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Yield Hunting
Oct 26, 2023
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Yield Hunting
Yield Hunting
Daily Note | Oct 26, 2023 | The Decline Continues
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Summary

  • Nasdaq drops further into correction territory following strong GDP report and poor earnings.

  • Long-end of yield curve rallies after GDP report, indicating market doesn't expect more rate hikes.

  • PIMCO funds sell off, Barings Short Duration High Yield approaches -16% discount, Blackrock Credit Allocation looks interesting at -13% discount.

  • I just see …

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