Introduction
Currently, I cannot say that the sector is overvalued nor undervalued. The numbers tell us that the funds are trading at normal levels. The leading benchmark is trading in a sideways trend for a while now and looks stable. We have a couple of statistically overvalued closed-end funds.
The News
Over the past week, there were no news that could affect the sector's performance:
Source: yahoo.finance.com
The Benchmark
The was short and calm for the fixed-income investors. The leading benchmark of the preferred stock sector (PFF) closed the week at negative territory.