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home / news releases / GDO - GDO - Global Bond CEF 9.7% Yield And 2024 Maturity Date

GDO - GDO - Global Bond CEF 9.7% Yield And 2024 Maturity Date

Western Asset Global Corporate Defined Opportunity Fund Inc.

2023-05-16 00:35:35 ET

Summary

  • The Western Asset Global Corporate Defined Opportunity Fund is a fixed income closed-end fund.
  • The CEF focuses on global bonds (mostly investment grade corporates) and includes local currency paper.
  • A defining feature of this CEF is its December 2024 maturity date, with the collateral pool not being tenor matched.
  • An equity holder in GDO will take on significant market risk as we approach the fund's maturity date.
  • The article presents a good methodology to trade this term CEF.

For further details see:

GDO - Global Bond CEF, 9.7% Yield And 2024 Maturity Date
Stock Information
Company Name: Western Asset Global Corporate Defined Opportunity Fund Inc.
Stock Symbol: GDO
Market: NYSE
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