US markets were off 3 per cent overnight, led lower by bank and industrial shares, as the US bond market sent worrisome signs about economic growth.
The yield on 10yr treasuries has now fallen from 3.27% back to 2.91% in the past two months. This move should help to support yield sensitive names.
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Along this theme, we continue to like AMC, SHL & GPT as buy- write opportunities. A combination of the dividend plus the call option income is generating over 10% cash flow on an annualized basis.
