BKT News and Press, BlackRock Income Trust Inc. From 11/20/23

2023-11-20 15:39:00 ET Summary Last week’s unexpected undershoot in U.S. inflation erased almost all traces of another Federal Reserve rate hike from futures markets. Fixed income yields are attractive, in our view, but pricing could continue to be volatile. Fundamental...

2023-11-16 03:55:00 ET Summary The global economic outlook along with market valuations and asset class fundamentals all lead us to favor fixed income. Perhaps the resilient U.S. economy will stave off recession but also drive overheating growth and accelerating inflation that pro...

2023-11-15 13:35:00 ET Summary When looking at opportunities across fixed income, credit spreads indicate how much more an investor is being compensated for taking on the additional risk. If spreads are above their long-term average, they are referred to as wide; if they're below ...

2023-11-08 03:26:13 ET Summary BKT is a leveraged MBS CEF. The fund's distributions are mostly return of capital, with low net investment income and coverage ratios. BKT has few benefits or positives. I last covered the BlackRock Income Trust ( BKT ), an acti...

Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) pay month...

2023-10-24 16:10:00 ET Summary An area of the high-quality fixed income market that hasn’t enjoyed a smooth ride this year is agency mortgage-backed securities (agency MBS). The FDIC has already liquidated approximately 95% of its agency MBS portfolio, and many market parti...

2023-10-16 12:32:00 ET Summary We turn tactically neutral long-term Treasuries as markets price high-for-longer policy rates but stay underweight strategically. We cut high-quality credit again. U.S. stocks steadied last week as Q3 earnings season started. Ten-year Treasury yields...

2023-10-12 12:25:54 ET Summary BlackRock Income Trust offers investors access to high-quality agency-backed mortgages, providing impressive returns with fewer fluctuations and risks than mortgage REITs. BKT has a long track record and has outperformed passive MBS indices, offering...

2023-10-12 12:01:00 ET Summary Tight monetary policy is slowing growth, but we see room to avoid a hard landing in the U.S. while Europe and China remain key risks on a global basis. In a higher-for-longer rate environment, shorter maturities offer opportunity, with potential for ...

BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended September 30, 2023. The Funds have authorized open market share repurchase programs (the “Repurch...