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

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

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