DHY News and Press, Credit Suisse High Yield Bond Fund From 07/15/22

The first half of the year has been a tough one for income assets, however, the pain has also delivered a stronger yield environment for income portfolios. We discuss the landscape for income assets with respect to compensation for taking credit and duration risk. And highlight wh...

We review CEF market valuation and performance through the last week of June and highlight recent market action. Higher-quality CEFs had a decent week, supported by the continued fall in Treasury yields while equity funds struggled. We discuss why discounts matter more from an inc...

The revised long-term outlook projects an annualized return of 4.9%. The current risk premium forecast for GMI suggests that multi-asset-class strategies overall will generate lower returns relative to results posted in recent years. Combining forecasts via several models may prov...

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are BWG, HFRO and EHI. For further details see: The 'High-High-Low' Closed-End Fund Repo...

The expected risk premium continued sliding in April for the Global Markets Index (GMI). Tuesday’s revision reflects a drop to a 5.4% annualized increase for the long term – a relatively large cut of 40 basis points from last month’s estimate. The forecast ref...

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HIX, EMD, and DLY. For further details see: The 'High-High-Low' Closed-End Fund Re...

The expected risk premium for the Global Market Index ticked slightly higher in March to an annualized 5.8% pace, fractionally above last month’s estimate. Using short-term momentum and medium-term mean-reversion market factors (defined below) to adjust the forecast trims GMI&#...

CIK is a closed end fund focused on fixed income. With a moderate leverage of 26.2%, the fund "primarily invests in high yield fixed income securities that are in the lower ratings categories of Moody’s Investors Service". On a 5-year basis CIK has outperformed si...

DHY is a fixed income CEF that is currently overweight HY bonds (more than 70% of holdings). The fund reports a low duration of 2.9 years but is down significantly year-to-date, mainly from short term rates moves. The fund achieves its returns with a low standard deviation of 11 b...

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are ARDC, EHI and JRI. Buys affirmed on portfolio holdings, ARDC, JRI and HYB. For furth...