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Weekly Commentary | January 7, 2024 | Saba Vs. ASA Heats Up

Weekly Commentary | January 7, 2024 | Saba Vs. ASA Heats Up

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Yield Hunting
Jan 08, 2024
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Yield Hunting
Weekly Commentary | January 7, 2024 | Saba Vs. ASA Heats Up
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Summary

  • Stocks experienced their first down week in nine, pausing after a strong move higher.

  • The 10-year yield rose to as high as 4.06% before easing back to around 4.0%. The ISM services PMI showed a sharp slowdown, signaling a potential economic slowdown in the.

  • Highland Opportunities and Income (HFRO) losing more than 8.0% of its already wide discount …

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