Daily Note | October 20, 2023 | Some Individual Bond Options Above 7.0%, No BBB-, Medium Maturities

Oct 20, 2023

∙ Paid

Summary

Interest rates rise as 10-year yield crosses 5%, causing stocks to fall moderately.
Leading Economic Index falls worse than expected for the 18th straight month.
Hoisington Investment Management's 3Q outlook suggests favorable environment for lower Treasury bond yields.
CCIF issues a new term preferred with 8.75% yield. Not that enticing unless pri…