Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
It seems there is developing a slight dumping of fixed income investments, I noticed Jeff Gundlach's closed end income fund DSL is falling off a cliff the last week. After both the NAV and market price being at around 20 a month ago the NAV has fallen about 65 cents to 19.34 but the CEF has fallen to 16.79. Since this is about a 2 billion dollar CEF that is indicating a lack of demand and perhaps this is showing up in preferred prices as well. Most of the public Storage Preferred are over 6 percent now.