Weekly Commentary | February 11, 2024 | Taxables Get Slightly Expensive But Munis Still Good Deal

Summary

• The S&P breached 5,000 for the first time, but the advance was narrow, with the equally weighted index trailing the market-weighted version.

• Interest rates are rising, with the 10-year yield reaching 4.17% and crude oil prices increasing, potentially contributing to inflation.

• CEF valuations are rising, particularly in the taxable space, while muni…