 |
| National municipal funds |
 |
| NY state municipal funds |
 |
| CA state municipal funds |
 |
| High yield bond funds |
 |
| Senior loan funds |
 |
| Covered call funds |
Monday, June 11, 2012
CEF premium snapshot for week beginning June 11, 2012
The Great Incredible Paper Chase is not dead yet. Fixed cash flows are still commanding higher premiums (or lower discounts). The disparity between senior loans and high yield will not last long, though. If risk asset volatility settles down, expect senior loan funds to significantly outperform HY as the sector and the underlying asset-class offer better value. Despite a notable uptick to equity implied volatility which should lead to higher option premiums, covered call funds remain the least-loved funds. Muni funds remain well bid even as the underlying assets have failed to keep up with treasuries (ratios expanding). Notable exceptions are Build America Bond funds which carry significantly lower premiums (higher discounts) than their taxable cousins despite higher distributions.
Subscribe to:
Post Comments (Atom)
However, if you need more than the Fast 500 Payday Loans mentioned loan amount, you should give preference to the in-stallment loan offered for a longer period of time as the amount of money you can get is going to 600 Loan be several times larger.
ReplyDeleteAll the basic information about every celebrity is available now on the largest database of celebrity heights where you can find all the information and heights of a singer, actor, businessman...
ReplyDelete