Morning Note | Sept 28, 2021
Summary
10 year yield continues to rise putting pressure on duration assets like munis, preferreds, as well technology shares.
We believe taking a counter-cyclical approach, not reacting to the increase in rates, is the best strategy.
DLY looks compelling here as the buy flag flipped on the Sheets.
Landlord has some comments on individual preferreds.
Good Mo…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.