Yield Hunting Newsletter | December 2021 Commentary And Sheets
Summary
Equity markets gave up some gains this month but they ended November less than 2% off their all-time highs. The last day of the month accounted for most of that.
Yield plummeted on the last day of the month down to 1.43%. But bonds did not do great since credit spreads widened out materially - the largest widening this year.
Tax loss selling in C…
