HYT News and Press, Blackrock Corporate High Yield Fund Inc. From 03/27/22

Lots of funds are cheap these days and paying high distribution yields, but Eagle Point Income represents a better bargain than many other funds because it is not as well understood. EIC is safer than many high yield bond funds because of the unique characteristics of CLO junior debt,...

"Risk on" sectors continue to dominate "What's Working." Interest rate sensitive securities were "What's Not Working" as the 10-year rate continues to tick higher. The bottoming process in growth stocks continued for the second straight week. A "barbell portfolio" might be a g...

HIPS is an income fund invested in CEFs, MLPs, REITs, and BDCs. The high yield comes with a high expense ratio and share price decay. The current distribution per share doesn’t look sustainable in the long term. An alternative high-yield strategy taking into account tot...

Most discount widening in a rising rate cycle occurs before the actual first rate hike by the Federal Reserve. The Fed pivot scared a lot of income investors but it appears that the market is overly hawkish at this point, which could provide nice upside post-March. Discounts of CE...

As the world reels from the crisis, the blowback is rippling across the world economy and markets. The current risk premia analysis implicitly recommends managing expectations down for GMI and other global multi-asset-class portfolios. The mean reversion factor is estimated as the...

The expected risk premium for the Global Market Index edged down in January from the previous month’s estimate. Using short-term momentum and medium-term mean-reversion market factors to adjust the forecast reduces GMI’s ex-ante risk premium to an annualized 5.4%. Th...

The expected risk premium for the Global Market Index (GMI) ticked lower in November but remains elevated relative to recent history. Adjusting the forecast with short-term momentum and medium-term mean-reversion market factors (defined below) reduces - substantially - GMI’s ex...

In the wake of China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY) liquidity crisis and broader distress felt by property developers in China, pricing in the Asia high-yield market has "detached from other credit markets to a degree rarely seen," Guggenheim Global Chief Investment Officer Scott Mi...

HYT is a high-yield corporate bond CEF. The fund yields 7.6%, and has outperformed its index and peers since inception. An overview of the fund follows. For further details see: HYT: Strong High-Yield Corporate Bond CEF, 7.6% Distribution Yield, Industry-Beating Returns ...

The recent run higher in the Sharpe ratio for the Global Market Index finally reversed in October. Risk-adjusted performance has slipped, but GMI's rebound in October lifted it to a new record high. GMI is useful as a baseline to begin research on asset allocation and portfolio de...