ISD News and Press, PGIM Short Duration High Yield Fund Inc. From 03/08/19

PGIM Short Duration High Yield Fund, Inc. (NYSE: ISD) and PGIM Global Short Duration High Yield Fund, Inc. (NYSE: GHY) announced today that the Board of Directors of the Funds have approved a change to the investment policy for each fund, effective today. The Funds have changed certain n...

By Nick Maroutsos Nick Maroutsos, Co-Head of Global Bonds, explains why higher yields on shorter-dated bonds may prove attractive for income-focused investors rattled by rising equity market volatility. Perhaps simply "queasiness" is more fitting. Certainly, that's an apt feeling among...

Posted by Gregory Rawls, CFA, CAIA, Senior Investment Research Analyst on Feb. 22, 2019, in Fixed Income From June 2017 to June 2018, customers withdrew more than $30 billion from US bank accounts that didn't earn interest - the first decline in more than a decade. 1 Some of tha...

High yield funds (including both mutual funds and ETFs) took in $728 million in net new money for the fund-flows trading week ended Wednesday, February 13. This was the fifth net inflow in the last six weeks for the group during which time its total intake has been +$9.4 billion, this includes...

Introduction The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds....

By Kevin Flanagan, Senior Fixed Income Strategist A bit over a month into the new year, and the two asset classes whose performance stands out are U.S. investment grade ((IG)) and high-yield ((HY)) bonds. This recent turn of events is certainly a noteworthy reversal of fortune from how 201...

Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the hi...

By Gershon Distenfeld Should you be concerned that high-yield bonds didn't predict last year's equity market selloff? We don't think so. In fact, we think investors should consider adding high-yield exposure to reduce overall risk. High-yield bonds have traditionally been a reliable earl...

This article was originally published January 14. Barings Corporate Investors ( MCI ) With the quarterly NAV release coming up in a couple of weeks, we wanted to review this popular fund. We've owned this fund for over two years now with the original buy alert going out December 21, 201...

After screaming higher towards the end of 2018 right up through the first couple of days of 2019, high yield spreads have come crashing back down to earth in the last two weeks, falling from a high of 544 basis points (bps) on 1/3 to 440 bps through Thursday. At their highs two weeks ago, spre...