Weekly Commentary | October 1 - Will PIMCO Funds Ever Recover?

Summary

• Higher oil prices and rising interest rates are concerning investors, leading to a slight shift in the market narrative.

• Discounts on closed-end funds (CEFs) widened, particularly in the muni space, due to fears of higher interest rates.

• Energy was the only sector that saw a small gain, while utilities and investment grade funds experienced losses.

…