Weekly Commentary | November 30, 2025 | Risk Asset Bump, Bitcoin Opportunity And Thoughts

Dec 01, 2025

∙ Paid

Summary

November saw a broad rally across risk assets, with equities, bonds, and Bitcoin advancing as Fed rate cut expectations increased.
Taxable closed-end funds (CEFs) experienced significant discount tightening, with PIMCO Dynamic Income (PDI) and PIMCO Access Income (PAXS) premiums rising notably.
PIMCO taxables remain highly attractive in the fixed i…