Closed-End Fund Market Commentaries
Dec 6, 2016
Click here to access Interest Rates Spiked In November And Investment Grade Bond Prices Fell
View from the Observation Deck
1. Intermediate-term interest rates moved markedly higher following the presidential election.In general,asinterest ratesrise,fixedrate bond prices tend to fall, particularly those of the highest credit quality.
2. From 11/8/16 through 11/30/16,the yield on the benchmark 10-year Treasury note (T-note) surged 52 basis points,from 1.86% to 2.38%, according to Bloomberg. Its yield stood at 1.60% on 9/30/16.