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HPF - Weekly Review Of Preferred Stock CEFs: Statistically There Are No Undervalued Funds
John Hancock Pfd Income Fund II Pfd Income Fund II
Introduction
The week was once again quite successful for the fixed-income world. The leading benchmark reached a new high. The 10-year interest rates went to new lows and the bond ETF trades stable for now. Statistically, most of the closed-end funds are "Sell" candidates, and we do not have any "Buy" candidates. The NAV/Price spreads are also high compared to the average levels. Currently, fixed-income investors are in the so-called "safe haven".
The News
Source: Yahoo.finance.com
The Benchmark
As we can see from the chart beneath, the leading benchmark of the