HYT News and Press, Blackrock Corporate High Yield Fund Inc. From 08/28/22

Summary With the backing and experience of Ares Credit, ARDC can leverage higher credit spreads in senior loans and CLOs to easily cover the 9% distribution. The monthly dividend was just raised by 5% and the discount to NAV has widened to -8% offering a unique buying opportunity....

NPCT is a CEF that yields 9.6% and holds investment grade and high yield corporate bonds, with no more than 50% junk-rated bonds. The fund uses ESG criteria to emphasize fixed income investments in businesses that are leaders within their respective industries to enhance fund performa...

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates. While distribution cuts are a natural part of the in...

Fixed income and equity CEFs posted their best monthly NAV-based returns since November 2020. For the second month in three, equity CEFs on average witnessed plus-side returns, climbing 5.75% on a NAV basis for July. While for the first month in seven, fixed income CEFs posted ret...

AWF is a high-yield bond fund that invests around the globe, though it carries a high concentration in the U.S. The fund is currently carrying a discount, and due to interest rates and credit risks, its underlying holdings are now discounted. As a high-yield bond fund, the duratio...

Bonds have performed poorly since the start of the year due to an abrupt rebalancing of monetary policy. While inflation has been the primary topic of discussion, I believe that the greatest threat hanging over the high-yield credit market today is a slowdown in economic activity. ...

MUJ is the BlackRock MuniHoldings New Jersey Quality Fund. NXJ is the Nuveen New Jersey Quality Municipal Income Fund. While both funds' income is exempt from Federal and State income taxes, both funds own bonds subject to the Alternative Minimum Tax calculation. Data since NX...

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...

BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock closed-end funds (the “Funds”) during the quarter ended June 30, 2022. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant ...

A lot of income investing comes down to maximizing the yield on offer while minimizing the required risks. In this article, we take a look at a number of term credit ETFs across IG, HY and Muni bonds across different maturities. In our view, the sweet spot for HY bonds sits in the...