HYB News and Press, New America High Income Fund Inc. From 08/25/23

2023-08-25 05:30:00 ET Summary The NY Fed's yield-curve inversion model predicts a high probability of a recession in the next year, but risk premia in equity and credit markets do not reflect this. Junk credit spreads are vulnerable to a "violent repricing" and junk bonds are at ...

2023-08-09 06:35:00 ET Summary With the global economy slowing under the weight of central bank rate hikes, many income-seeking investors are shying away from high-yield corporate bonds. Prudent fiscal management isn’t the only reason the corporate universe is well-position...

2023-07-19 20:55:00 ET Summary Modern Portfolio Theory focuses on assembling the optimal group of assets to achieve the best return per unit of risk. Diversification works well because it blends short and long duration instruments thereby reducing the overall average duration. ...

2023-07-04 09:49:55 ET Summary NHS's 2023 rights offering results are in. The offering was oversubscribed, despite the slim discount to the market price. The "sell and rebuy" strategy worked once again. Author's note: This article was released to members of CEF/ETF...

2023-07-03 22:27:00 ET Summary Central banks are finding it hard to finish the long journey toward inflation normalization, but we believe that policy rates are likely at or near their peaks - and could be maintained at elevated levels for some time. With roughly 500 basis points ...

2023-06-22 02:27:00 ET Summary The exit from a decade of very low interest rates, via the most aggressive hiking cycle since 1980 has laid bare the distorted financing incentives that became entrenched in the years between the Global Financial Crisis in 2008 and the end of pandemic-er...

2023-06-12 11:43:23 ET Summary New America High-Income (HYB) is a high-yield bond fund trading at a deep discount to its net asset value, offering an attractive 7.29% distribution yield. The fund's performance has been impacted by rising borrowing costs and falling bond prices, bu...

2023-05-30 13:43:49 ET Summary The New America High Income Fund is a U.S. high-yield closed-end fund that has been around for almost 40 years and has gone through various market cycles. The fund cut its dividend in 2023, leading to a widening of the discount to NAV, which is now c...

2023-05-22 13:49:22 ET Summary Quick notes on Neuberger Berman High Yield Strategies' rights offering this year. Our suggestion is to sell before the ex-rights date and rebuy after the offering. Those holding should subscribe (unless the discount is wider than -11%) or sell th...

2023-03-20 17:44:08 ET Summary Investors are desperately in need of income as the high inflation has made it ever more difficult for us to sustain our standard of living. High Income Securities Fund invests in a portfolio of business development companies, closed-end funds, and pr...