Yield Hunting Newsletter | June 2021 Commentary And Sheets

Summary

• Markets inched higher again in March with the S&P 500 closing near its all time high set on the 7th.

• Closed-end fund discounts tightened up further, especially among munis, as valuations remain on the extreme end.

• We think the value rotation likely has some legs left after a pause in May as yields fell back a bit.

• The summer is starting up but the l…