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…