PFF - Weekly Review Of Preferred Stock CEFs: The Leading Benchmark Of The Preferred Stock Sector Reached A New High
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
Over the past week, several closed-end funds declared their monthly distributions:
Source: yahoo.finance.com
The amount of the