The Bond Vigilantes Returning? What It Means for CEFs

What a time to be alive! The stock market is booming, and many of our favorite income investments are ticking higher every day. Surely, they are reflecting the broader optimism that investors have about the US and the rest of the world. Hold on a sec—my publisher is reminding me that the curfew in my town just lifted on Monday. Seven days of being home by 8pm, following two months of being told to shelter-in-place . As a friend of mine pointed out, we haven’t been double grounded like this since high school . The news is usually a downer, but these days it’s tough to make it through the headlines without a handful of Xanax.… Read more