Weekly Commentary | October 6, 2024 | Time To Swap Out Of Taxables?
Summary
The jobs report showed 254K new jobs in September, far exceeding forecasts, leading to a rise in interest rates and cautious market sentiment.
Taxable bond CEFs reached an average premium, driven by PIMCO funds, but downside risks are higher, suggesting minimal upside from further discount tightening.
MLP segment saw significant gains due to geopol…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.