Weekly Commentary | February 17, 2025 | JFR And NRO Rights, JRI To RA Swap, HPF/HPS To PFO/FLC

Feb 18, 2025

∙ Paid

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…