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PFN - PFN: There Is A Path Higher But Headwinds Remain
January, 24 2021 10:36 AM
PIMCO Income Strategy Fund II
PFN is still a reasonably priced high yield CEF from PIMCO and remains a fund I would favor for exposure to this space. Interest coverage ratios are improving across both the investment grade and non-investment-grade landscape, improving the outlook for bonds. The UNII report shows significant weakness in current income metrics. Further, rising interest rates will pressure CEFs with high durations. For further details see:
PFN: There Is A Path Higher, But Headwinds Remain
Stock Information
Company Name:
PIMCO Income Strategy Fund II
Stock Symbol:
PFN
Market:
NYSE
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