Introduction
It seems that the past week was calm for the sector and the instruments traded quite stable. Many of the Z-scores that we discussed in our last article are much higher today and even positive. The average Z-score is higher today, the average discount as well. The leading benchmarks traded quite stable during the short week. There are a couple of overvalued closed-end funds which deserve our attention as well.
The News
Source: Yahoo.finance.com
The Benchmark
During the past week, the leading benchmark of the preferred stock sector (PFF) finished negative, closing