HIX News and Press, Western Asset High Income Fund II Inc. From 03/31/20

Moody's Investors Service has lowered its outlook on U.S. corporate debt from stable to negative, saying that a coronavirus recession will result in rising default rates. More news on: Oxford Lane Capital, Eagle Point Credit Company Inc., iShares iBoxx $ High Yield Corporate Bond ETF, Ne...

By Brian Levitt, Global Market Strategist, North America ; Timothy Horsburgh, CFA, Investment Strategist ; and Talley Léger, Senior Investment Strategist Our Global Market Strategy team is examining a new set of indicators to gauge when a new market cycle may be ready to begin. ...

“Convince me why I shouldn’t buy junk bonds.” It wasn’t a challenge. My colleague Kyle was looking at some of the juicy yields on offer in high-yield bonds and was legitimately wondering why he shouldn’t load up his IRA with them. I’m not saying ...

As we roll through 2020, it is quite evident that we are all having an out of time, and space, and experience, moment. It is a medical crisis leading to a health crisis enlarging into an economic crisis and they are all three happening simultaneously. Each crisis founded upon the shoulders of ...

Western Asset High Income Fund II Inc. (NYSE: HIX) today announced the financial position of the Fund as of January 31, 2020. Footnotes: (a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include b...

The credit market will be pivotal during the current crisis. In 2008, we had a problem in the credit market (Subprime mortgages), which made financial institutions move into credit tightening mode. Soon, that start cascading into the real economy. The current environment inverts that relation...

Everyone Wanting To Buy Suggests The Bear Still Prowls "If you own 10% equities, as we do, and the market falls 100%, you will lose 10%. That said, you have 90 cents on the dollar to buy equities for free." - Michael Lebowitz Let me explain his comment. Last week, we wrote a...

Is now the time to buy? For the last year or so we have attempted to invest conservatively, focusing on U.S. Treasury and Agency securities, as well as very high credit quality securities in corporate bonds and asset-backed securities. We tried to stay on the sidelines of risk as much as ...

Guggenheim CIO Scott Minerd says investment-grade and high-yield paper - as measured by their spreads to Treasurys - have only been cheaper than right now less than 10% of the time. More news on: PIMCO Corporate&Income Opportunity Fund, iShares iBoxx $ High Yield Corporate Bond ETF, ...

Co-produced by Stanford Chemist In a previous piece, we covered why an N-2 filing is important and what this could mean when the 497 was filed. We discussed that the N-2 was when closed-end funds filed a registration for new shares. This ultimately meant that a fund was either conducti...