TLT - Weekly Review Of Preferred Stock CEFs: The Sector Starts Looking A Bit Overvalued
Introduction
Over the last year, most of you have noticed our increased activity in closed-end funds as the inflow of volatility finally shook them up and created various arbitrage and directional opportunities for active traders such as us. Now that these products have our attention, we are continuously monitoring most funds by sector and will reinstate our Weekly Review, publishing a recap of the groups of interest.
The News
Source: Yahoo Finance
Over the past week, there was no news that could affect the sector's performance.
The Benchmark
Another positive week for the leading benchmark