PIMCO Update Jan 2024 | PDX Goes To No Leverage, Valuations Are Up Significantly
Summary
PIMCO CEFs have shifted from being oversold and cheap to slightly overvalued and approaching moderately overvalued.
The author follows a buy-and-rent strategy, trimming/selling positions when they are overvalued and seeking undervalued opportunities.
The muni side of PIMCO CEFs looks more compelling, while the taxable side is nearing an overvalued …
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.