HYB News and Press, New America High Income Fund Inc. From 06/17/22

HYB is a high yield focused CEF with low leverage (sub 30%). The fund is getting pummeled as the market sells off with all participants in risk-off mode. Bid/ask spreads are yet again widening out to panic levels while short dated HY bonds are trading with yields of 7%+ while fund...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, EHI, and IVH. For further details see: The Quality Closed-End Fund Report, May 2022

This year has seen significant volatility in credit markets given the tumultuous macroeconomic backdrop and hawkish Federal Reserve. Investment-grade bonds, bank loans, and high-yield bonds could perform differently now than in prior risk-off periods due to asset class-specific develo...

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...

Only funds with coverage >100% are considered. Top DxYxZ funds are DSL, BGH and EHI. Top lists of discount, yield, DxY and DxYxZ are given. For further details see: The Quality Closed-End Fund Report, April 2022

HYI and HYB both offer exposure to a portfolio in the high yield space; high yield bonds provide reduced interest rate sensitivity. One of the primary differences is that HYB is leveraged while HYI is non-leveraged and term structured. The discounts for both funds are wide, making...

In an era of low yields, generating income has been a challenge for many investors, with attractive yields limited to a narrow range of asset classes. That landscape has improved somewhat since early 2022, with inflation, geopolitical tensions and hawkish global monetary policies driv...

Recent events have just added an additional inflationary impulse into an already high-inflation environment. Europe is somewhat elevated relative to the past but well below what we see in the US. So really, from an investor’s standpoint, this high-yield opportunity in credi...

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&#...