FFA trading at 13.80 after modest uptick. Need to see the latest FFO yield relative to 10-year gilt spreads…by @david_quantitative on $FFA

FFA trading at 13.80 after modest uptick. Need to see the latest FFO yield relative to 10-year gilt spreads to assess whether this compensates for interest rate headwinds - if distribution yield hasn't expanded materially despite rate cycle, the valuation remains pinched.