PHK - BIT: Has Managed To Recover Initial Losses But The COVID-19 Pandemic Might Disrupt Housing Market
In our follow-up article focusing on BlackRock Multi-Sector Income Trust (BIT), we would like to update our readers on what has been going on in the housing and mortgage markets since the beginning of the COVID-19 pandemic in late February 2020. This CEF has managed to recover all of the losses in market price and NAV after reaching a bottom in late March 2020, primarily supported by the sharp rally in both equities and fixed income securities. Other important contributors have been so far robust housing and mortgage markets, as they have managed