It now trades at 19 bucks
thats down 6 pts near 22% (maybe 15 to 18% add back in dividends) since june - thats what the eldergy are getting slammed in
high grade corporates with duratioon as well
i mean this is why the mreits sold off
sure not all of them and less so if seasoned issue that might be redeemed soon - but munis are getting destroyed
low duraiton funds have been also
cefs, munis, all bonds for the most part have been gutted but wal says this is affecting elderly cause they dont have inflatoin and they can invest in magic bonds.
(yeah magic grits)