NYMT - 9%+ Yields For Bigger Income

2024-06-11 01:49:34 ET

Summary

• We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher.
• When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here.
• We closed out one of our other high-yielding positions to lock in a substantial gain.

How are you feeling about interest rates lately?

I’m a bit bothered by the move higher.

We’ve seen rates moving higher, but we’ve also seen share prices rally on some of our income investments.

I want to discuss a new one we added to coverage recently.

Chimera Investment Corporation ( CIM ) has a baby bond ( CIMN ).

We wrote our first report on it on May 30th, 2024. I’m going to include part of that report below, along with a brief update....

For further details see: