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Yield Hunting

Weekly Commentary | September 17, 2023

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Yield Hunting
Sep 17, 2023
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Summary

  • Markets remain stable despite higher interest rates, a stronger dollar, and rising oil prices.

  • European Central Bank raises rates but indicates that they are likely done with tightening cycles.

  • Discounts widen in the CEF market, particularly in taxables and munis, while equity discounts widen due to weakening price action.

Macro Picture

The markets w…

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