HYT News and Press, Blackrock Corporate High Yield Fund Inc. From 01/05/21

Helped by fiscal and monetary policy support, bankruptcy filings in December 2020 of 34,304 hit the lowest monthly total since January 2006, according to data from legal services firm Epiq.For the year 2020, filings fell to 529,068, the lowest since 1986, indicating that federal measures to s...

The fund's discount remains attractive, as a term dated fund we anticipate this to gradually decline to par as we head into 2025. HYI remains an enticing high-yield fund for those that don't want to deal with leverage. The fund's NII coverage dipped with the latest quarter, this c...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

Tech stocks have easily beaten high yield stocks over the past few years. We expect the opposite to happen going forward. Invest in tech, but invest more in high yield. For further details see: Why High Yield Should Pummel Tech

The concept of a "demographic dividend" is well-established in academic research. But the flip side of a demographic dividend is what the United States and virtually all other developed nations are beginning to experience. Unfortunately, COVID-19 probably made the situation worse ...

Closed-end funds tend to be mostly thought of as income vehicles, but they are actually quite versatile and can play many roles in a portfolio. CEFs can be used to grow a portfolio over many years, or as an income vehicle, or even as an annuity if we are later in our investing career....

November was one of the best months for markets in general and that includes CEFs, which rallied hard. Our Core Portfolio was up 7.2% in the month. Discounts have tightened materially in the last month but still remain much wider than at the start of the year. We describe why we t...

Junk bond yields have dropped to a record low. The effective yield of the ICE BofA US High Yield Index fell to 4.61% at the close on December 3. As bond yields fall, bond prices rise. For further details see: Junk Bond Yields Hit Record Low: Most Distorted Markets Ever ...

Broad US equities continued their momentum from Q2 following the dramatic COVID-19-driven decline earlier in the year. The S&P 500 rose 9% in Q3 after a 20% rise in Q2. Value-oriented stocks underperformed the broader market on concerns about economic fragility, the expiration of ...

CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices can deviate from underlying net asset values. Tax loss selling into year-end may continue to pressure CEF discounts in the short term. These wide discounts may offer long-term i...