ARDC News and Press, Ares Dynamic Credit Allocation Fund Inc. From 01/27/21

This year is shaping up to be a really important year for market rates in terms of their influence on the financial system. With Covid vaccines being rolled out, we could easily see a 5% growth rate in the States. As ING's Padhraic Garvey tells us from New York, there could well b...

COVID turned out to be quite the economic event, and a pandemic under control promises to deliver a recovering economy by the end of 2021. On the other hand, should the vaccinations not go according to plan and the pandemic is not declining by June 2021, the economy may not recover at...

The price of risk is what investors demand as a premium, an extra return over and above what they can make on a guaranteed investment (risk free), to invest in a risky asset. Corporate bonds are traded, and as a consequence, and you can use traded prices to estimate default spreads in...

Forgive my cheeky title, which applies to the author as much as to many readers. We're all on a learning curve here with more exotic asset classes like CLOs. Collateralized Loan Obligations (CLOs) can seem pretty complex, but stripped down to their essentials they are "virtual banks"....

Investors appear almost universally to be pricing for an early-cycle mix of low interest rates and ongoing support from both monetary and fiscal policy, combined with the release of pent-up demand from consumers and manufacturers. Short-term stumbling blocks are not confined to the on...

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxYxZ funds are DSL, PGZ, and KIO. For further details see: The 'High-High-Low' Closed-End Fund Report, Dece...

The stock market made an all-time high in its first week of 2021, shrugging off the violence, and the Treasury market recaptured 1% on the 10-year note, closing the week at 1.12%. Furthermore, there is no pressure in the junk bond market, which, rightly or wrongly, assumes that with t...

Credit markets have staged an epic rebound from the depths of March 2020. But in a low-growth, low-yield world, we believe there may be more room to run in 2021. For investors, we believe a nimble, selective approach will be especially important to grasp the opportunities presente...

Ultra-low interest rates make it difficult for investors to earn yields in excess of inflation. High-yield bonds can be a source of income in today’s market. iShares has numerous bond ETFs that can help investors target different segments of the high yield bond market, depe...

The new Administration's tax proposals, in year one, total some $3.9 trillion, according to Moody's Analytics estimates. Yields on munis sank to 1.14%, which is their lowest since 1979. Also, the municipal bond spread to Treasuries is near historic lows. Yields have gone up somewh...