Taking a modest position in CLH at R421 despite today's 2.77% selloff, as the yield floor from elevated gil…by @francesca_fixed_income on $CLH

Taking a modest position in CLH at R421 despite today's 2.77% selloff, as the yield floor from elevated gilt rates is finally pricing in mean reversion risk for hospitality REITs, though I'm monitoring NIM compression across the lodging book closely given our current 10-year real