Quadravest updates NAV FTN @ $17.44 after distributionsSpreadsheet came in a lot high and obviously FTN held onto a big % in cash. Which may be a good thing since Fitch downgraded the US debt (banking system).
Not sure if this bodes well for more interest rate hikes, but the logical answer is IT SHOULD make rates drop.
Harder to pay back the big debt with higher rates .
Have not done up the spreadsheets as yet, as I have been on the road to MEXICO.