DHY News and Press, Credit Suisse High Yield Bond Fund From 12/31/19

By Patricia Healy, CFA This commentary continues the discussion on key themes of the year, many long-term in nature, & reveal the need for govts & businesses to adapt. Pensions, budgets, state ratings, climate adaptation, cybersecurity, and investing This fourth-quarter com...

Although risk-free yields have nudged up a bit after seven years of Fed ZIRP (zero interest rate policy) from 2008 to 2015, the desirability of investment grade or bank insured yield vehicles remains muted. Indeed, with the 10-year Treasury continuing to sit sub-two percent and the Fed easing ...

Rick Rieder and Russ Brownback argue that contrary to the many year-end outlooks foreseeing either a recession or a rebound in 2020, the most likely path for the economy and markets is more moderate, which can be encapsulated in their theme of "1.8." In the season of proliferating 2020 out...

By Tracy Chen, CFA, CAIA In part one , we provided an in-depth analysis of CLO tranches, including the factors driving their spreads. While each tranche has been influenced by varying forces, we noted the fundamentals for the overall market have deteriorated, particularly relative to high...

In 2008, CDOs were the news of the day hitting a peak of $800 billion. Collateralized Debt Obligations are derivatives based on cash flow generating assets that are turned into investment products. These CDOs were mostly mortgage based in 2008 and went sour when housing prices and mortgage p...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discoun...

An interesting dynamic has emerged in high yield ((HY)) markets following the overall rally in bond yields year to date. On the one hand, the presumed "margin of safety" that yield provides against future defaults has declined, thereby shifting the potential distribution of future returns more...

By Gershon Distenfeld, Noelle Chiang It's easy to get spooked in late-cycle markets. But we think there's a way to de-risk your portfolio and still generate a decent level of income - no magic spells necessary. Investors often do one of the following things when markets are in the later ...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discoun...

Junk-bond yields hit a two-year low of 5.43% as returns advanced to a 2019 peak of 12.049%, their best showing since 2016, according to Bloomberg Barclays index data. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, BlackRock Corpora...