PAXS - PIMCO CEF Update: Income Volatility And Yield Curve Risk

May, 08 2024 01:41 PM PIMCO Access Income Fund of Beneficial Interest

2024-05-08 13:41:04 ET

Summary

We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite.
Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the last 12 months.
Leverage levels across the PIMCO taxable suite remain subdued, reflecting the lack of compelling opportunities in the credit market.
Investors should ignore lazy warnings about yield curve inversion, its potential impact on PIMCO CEFs.

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Company Name:	PIMCO Access Income Fund of Beneficial Interest
Stock Symbol:	PAXS
Market:	NYSE