- We review CEF market valuation and performance through the third week of April and highlight recent market action.
- CEF NAVs had a tough week due to falls in both stocks and Treasuries, however, discount tightening partially offset the drop.
- We take a look at the recent rise in leverage levels across tax-exempt CEFs and whether it signals an increased risk of forced deleveraging.
- And highlight some news and commentary across the CEF space.
- We continue to see value in the tax-exempt sector as well as funds with significant consumer-facing and floating-rate holdings.
For further details see:
CEF Weekly Review: Deleveraging Worries Rise For Tax-Exempt CEFs