BKT News and Press, BlackRock Income Trust Inc. From 06/08/22

It certainly has been an extraordinary period of weakness for the bond market with the most rapid rising yields that we’ve seen in decades. But the other side of the coin is that now that yields are at these higher levels, bonds represent a much more interesting investment oppo...

BKT has had a rough 2022. While there is value in positions here, the same was true a few months ago, and that has not stopped the sharp losses from occurring. The fund does trade at a nice discount to NAV, and Fed tapering is expected to be less aggressive than previously announced. ...

BKT is a mortgage backed securities CEF. The vehicle has been negatively impacted by the rise in treasury and mortgage rates. The Fed's quantitative tightening program will see a balance sheet runoff of its MBS holdings. This article covers CEFs from our suite of products - we...

BlackRock Income Trust (NYSE:BKT) declares $0.0294/share monthly dividend, -14.5% decrease from prior dividend of $0.0344. Forward yield 7.56% Payable June 30; for shareholders of record June 15; ex-div June 14. See BKT Dividend Scorecard, Yield Chart, & Dividend Growth. For further det...

BlackRock Income Trust (NYSE:BKT) had declared $0.0344/share monthly dividend, in line with previous. Payable May 31; for shareholders of record May 16; ex-div May 13. See BKT Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: BlackRock Income Trust goes ex...

While the stated hikes were the first major increase since 2000, it was an apt response to the inflationary pressures. More than that, it gave some degree of conviction to the markets. In the bond markets, yields fell, as they had overpaced the Fed’s new plan. The other par...

It’s been a brutal few months for stocks and bonds alike, as markets have been confronted with risks posed by inflation, tightening monetary policy, and the war in Ukraine. Market volatility has lifted bond yields, which can create better long-term investment opportunities and ...

BKT has seen some short-term pressure, and its return over the past four months has vindicated a more cautious view. Looking ahead, I am reluctant to advocate getting too bullish here. The fund's premium, duration, and weak UNII metrics are all concerns. In addition, the Fed has a...

The fund has lost more than 4% since we wrote our bearish article. The Fed has finally announced their tapering decision but will be patient on rate hikes. The implications to MBS securities are for a reduction in purchases by $5 billion a month, with the market already adjusting ...

A reader asked for my thoughts on BKT. BKT is a leveraged CEF investing in high-quality mortgage-backed securities (MBS), with a strong yield and industry-beating returns. The fund's distribution is also uncovered, unsafe, and unsustainable. A cut is likely. Risks and negative...