BKT News and Press, BlackRock Income Trust Inc. From 05/05/23

2023-05-05 02:45:00 ET Summary As bond yields rose in 2022, investors sought refuge in high-yield bank loans, whose floating coupons are often heralded as an antidote to rising rates. But with conditions shaping up differently in 2023, bank loans may face challenges. We think ...

2023-04-30 08:02:00 ET Summary The pandemic hurt small retailers by hastening the transition to digital commerce and emptied office buildings by turning living rooms into workspace. Although it’s tempting to lump commercial real estate together, the commercial real estate m...

2023-04-28 02:00:00 ET Summary The Fed only holds government-backed Agency MBS where the taxpayer carries the credit risk, not the Fed. The FDIC bridge banks have been and still are the largest of the bank liquidity support programs. Treasury notes and bonds roll off the balan...

2023-04-22 11:31:00 ET Summary High-quality, U.S. agency mortgage-backed securities continue to offer favorable yields and have historically outperformed through recessions, a scenario that looks increasingly likely in the fourth quarter of this year. MBS also stands to benefit fr...

2023-04-17 08:59:00 ET Summary Why we think recent banking sector stress has made already attractive U.S. mortgage securities even more keenly valued. With agency mortgages, the key risk involves prepayments: early or faster-than-scheduled repayment. In normal circumstances, this ...

2023-04-17 04:08:00 ET Summary As we head into the second quarter, we believe it’s very likely that economic data will moderate which would be welcome news for the Fed, supportive of their effort to achieve a soft landing and combat inflation. Global fixed income markets ex...

2023-04-17 03:00:00 ET Summary With bank lending tightening, it seems prudent for the Fed to hit the pause button. Markets are conditioned for loose conditions, expecting Fed loosening measures to reverse any meaningful tightening. Money is perceived as a liquid and stable sto...

2023-04-15 02:25:00 ET Summary One of the recurring themes I’ve focused on in recent years is the inherently long nature of a credit bust cycle like the one we’ve been experiencing since 2021. The commercial real estate market is just one piece of a much larger overa...

Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023" . The updated release reads: BLACKROCK CLOSED-END FUND SHARE REPURCHASE P...

2023-04-13 02:25:00 ET Summary Exacerbated by the recent banking crisis, sentiment around commercial real estate (CRE) has turned so weak that these assets are almost perceived to be uninvestible. However, the CRE market has been no stranger to distress since the Global Financial ...