Weekly Commentary | October 6, 2024 | Time To Swap Out Of Taxables?

Oct 06, 2024

∙ Paid

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…