Weekly Commentary | March 16, 2025 | PAXS/PCN Look Good, FT/EVM Swap Out

Summary

• The equity markets experienced significant declines, with the S&P 500 down -2.5% last week, contributing to a -8% monthly drop and -4.42% YTD decline.

• CEF market saw modest widening in taxable discounts, with sectors like high yield, senior loans, and preferreds facing selling pressure.

• PIMCO funds like PAXS and PCN are becoming attractive buys due…