2023-04-16 01:45:34 ET
Summary
- We review CEF market valuation and performance through the first week of April and highlight recent market action.
- CEFs had a fairly flat week with higher-quality / longer-duration sectors outperforming due to the continued drop in longer-term Treasury yields.
- We take a look at the distinction between accounting income and cash flow for CEFs holding TIPS and zero-coupon Munis.
- And highlight a number of distribution changes in April.
For further details see:
CEF Weekly Review: The Key Difference Between Accounting Income And Cash Flow