BKT News and Press, BlackRock Income Trust Inc. From 11/11/22

BlackRock Income Trust ( NYSE: BKT ) had declared $0.0882/share monthly dividend , in line with previous. Forward yield 8.45% Payable Nov. 30; for shareholders of record Nov. 15; ex-div Nov. 14. See BKT Dividend Scorecard, Yield Chart, & Dividend Growth. ...

Summary Rate hikes and tighter financial conditions drove fixed-income returns lower in 2022. The broad repricing of bonds and the higher starting yields we have now can help insulate investors from further losses. If we look at international bonds, this is probably the first ...

Summary Just when the MBS Agency market seemed destined for a winning month, Halloween arrived and wiped out those good efforts and another losing month was posted. A whiff of supply (just $2B), a hint of the Fed (FOMC meeting this week), and fast money took their chips off the ta...

Summary Year-to-date, allocations to floating rate notes have resulted in a more than 20% performance differential compared to U.S. 10-Year notes. Rising rates explain why owning the same securities as the Agg but reducing the maturity profile (1–5 years) led to losses that...

Summary In what was an especially turbulent month past, the MBS market recorded back-to-back underperformances for the first time all year. September fared its worst of 2022, and the worst of all time, besting July 2003’s great Refi wave (-153bps) and October 2008’s ...

Summary The MBS market saw its performance steadily decline in the days leading into the month-end Jackson Hole Fed summit, as Vols ticked up and widening ensued. The NYFRB MBS purchase operations schedule decreased from $12.8B for the month to $7.8B, roughly $390 million/per day....

The board of BlackRock Income Trust ( NYSE: BKT ), launched by asset manager BlackRock ( BLK ), approved Friday a 1-for-3 reverse stock split of the closed ended fixed income mutual fund's common stock . BlackRock Income Trust ( BKT ) shares drifted d...

BlackRock Advisors, LLC announced today that the Board of Directors of BlackRock Income Trust, Inc. (NYSE:BKT) (the “Fund”) approved a 1-for-3 reverse stock split of the Fund’s common stock. The Fund anticipates completing a 1-for-3 reverse stock split prior to ...

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

Summary BKT is a fixed income CEF that focuses on AAA Agency MBS bonds. The CEF displays a performance similar to the better-known mREITs NLY and AGNC. With the quantitative tightening program set to ramp up this September and with a housing market that is just beginning its d...