PCM - PIMCO Closed-End Fund Update - August
(Members of Yield Hunting received this article more than two weeks ago along with more in-depth analysis.)
PIMCO UNII and EPS
The slightly late PIMCO UNII and EPS report was released last month showing some movement in the coverage ratios and UNII but nothing overwhelming, at least on the taxable side. Of the 17 funds, 7 saw the coverage ratios increase in August. Only 2 funds saw their UNII decline with the rest either flat or increasing last month. All 6 muni funds saw improved coverage ratios. Some saw significant increases.
The main non-agency MBS