The DTF Tax-Free Income 2028 Term Fund Inc. is experiencing price movement influenced by broader market conditions, particularly in the fixed-income sector. Recent economic data, including positive job reports, have heightened expectations of potential interest rate hikes by the Federal Reserve. This anticipation is causing volatility in bond markets, as higher interest rates typically lead to lower bond prices. The ripple effect is felt in municipal bonds, which the DTF ETF tracks, as investors reassess their portfolios in light of potential rate increases.
The current price of the DTF ETF is $11.14, reflecting a slight decrease of 0.18% from the previous close.