- We review CEF market valuation and performance through the first week of May and highlight recent market action.
- The CEF space had another tough week as Treasury yields keep marching higher.
- We discuss the impact of CEF leverage hedges and whether the funds that hold them can moderate income falls from higher leverage costs.
- We also highlight FGB and a number of relative value ideas.
- This week we continued to marginally add to our CEF Portfolio allocation, taking advantage of more resilient assets.
For further details see:
CEF Weekly Review: Can Leverage Hedges Keep Income Drops At Bay