Weekly Commentary | February 17, 2025 | JFR And NRO Rights, JRI To RA Swap, HPF/HPS To PFO/FLC
Summary
Equities rallied as reciprocal tariffs fears eased and 10-year US treasury note yield fell, despite hotter-than-expected CPI data and mixed economic indicators.
CEF market saw firming discounts, with taxables and munis rallying; caution advised due to potential volatility and overvaluation in taxable space.
Rights offerings for Nuveen Floating Rate…
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