This Safe 8.7%-Yielding Closed-End Fund Is A Bargain Again
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The Federal Reserve's historic 50 basis points interest rate cut has led to soaring interest rates. This has created a bargain opportunity for a closed-end fund with an 8.7% yield.
November 07, 2024 | 5:00 pm
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DLY, a closed-end fund, is now considered a bargain due to the Federal Reserve's historic interest rate cut, which has led to soaring interest rates.
The Federal Reserve's rate cut has made DLY more attractive as a high-yield investment. The increase in interest rates post-cut suggests potential for price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80