JNK - HYT: Leveraged High-Yield Bond Fund Faces Trifecta Of Headwinds
2024-04-13 09:14:10 ET
Summary
- The BlackRock Corporate High Yield Fund invests in non-investment grade bonds as an actively managed closed-end fund.
- Climbing interest rates at a time when credit spreads are at a historically low level highlight key risks to consider.
- We expect to see high-yield bonds and the HYT fund to face rising levels of volatility amid a more uncertain macro backdrop.
The BlackRock Corporate High Yield Fund ( HYT ) offers investors exposure to high-yield fixed-income securities focusing on "junk bonds" and bank loans through a closed-end fund ( CEF ) structure....
HYT: Leveraged High-Yield Bond Fund Faces Trifecta Of Headwinds