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

Today's post rolls out the inaugural Risk Review column for the major asset classes, a monthly update that's the companion piece to the monthly performance report and risk-premia estimates. Risk analysis is a broad and deep subject and so this monthly update will be no one's idea of a...

The broader markets, including high-yield bonds and loans, have been performing very well in 2021. The macro-economic picture keeps improving and bankruptcy filings are on the decline. Both of these developments bode well for HYT. The fund's valuation now sits very close to par, w...

Shares of Blackrock Corporate High Yield Fund Inc. (NYSE:HYT) traded at a new 52-week high today of $12.09. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 308,000 shares. BlackRock Corporate High Yield Fund Inc is a diversified, c...

Blackrock Corporate High Yield Fund Inc. (NYSE:HYT) traded today at a new 52-week high of $12.10. Approximately 157,000 shares have changed hands today, as compared to an average 30-day volume of 308,000 shares. In the past 52 weeks, Blackrock Corporate High Yield Fund Inc. share prices ...

There has been much commentary suggesting bonds have gotten overvalued due to historically low rates. At current rates, economic growth will likely very quickly return to sub-2% growth by 2022. Are bonds overvalued? No. But stocks are, and the bond market is ringing alarm bells wa...

Shares of Blackrock Corporate High Yield Fund Inc. (NYSE:HYT) traded today at $11.99, eclipsing its 52-week high. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 301,000 shares. Blackrock Corporate ...

The underlying quality mix in the high yield market is at an all-time high. The high yield market has benefited in recent years from reduced levels in two key drivers of ratings downgrades and default triggers. High yield new issuance set a record during 2020. For further de...

We take a look at the different CEF yield metrics, focusing in particular on net asset portfolio yields after fees - what investor capital actually "earns" in the fund. We use BlackRock portfolio yield-to-worst numbers, adjusted for fund expenses, to show that taxable CEFs boast portf...

The average CCC-or-below rated junk bonds have yielded between 7.09% and 7.16% over the past two weeks, a new all-time record low. AMC Entertainment, which has been talking about how it is trying to stave off a bankruptcy filing, issued $500 million of secured notes in April 2020 to g...

In today’s low-yield landscape, income investors find themselves depending on higher-yielding investments such as bank loans, high-yield bonds and dividend-paying equities. Reaching for yield can be especially dangerous for income investors because of sequence risk - the risk o...