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Closed-End Fund Market Commentaries


Interest Rates Spiked In November And Investment Grade Bond Prices Fell

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.




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