ISD News and Press, PGIM Short Duration High Yield Fund Inc. From 02/07/20

Investment returns will likely come down to a few big, unpredictable issues this year. We look at how they might upend market expectations. After a year of outsized returns for both equity and fixed-income markets, expectations for 2020 returns have settled closer to their long-run average...

PGIM Investments announced it will host a conference call to provide market commentary and product updates for PGIM High Yield Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield Fund, Inc. (NYSE: GHY). The call will feature the Funds’ portfolio managers from PGIM Fixed Income&#...

By Kevin Flanagan, Head of Fixed Income Strategy and Josh Shapiro, CFA, Quantitative Strategist Our base case is that the credit cycle will not turn in 2020. Investors will likely continue to seek income in higher-yielding fixed income assets. An important topic in credit strategy resear...

Co-produced by Stanford Chemist . This article was originally released on December 14th, 2019. The bucket strategy allows an investor to take advantage of higher-risk assets, while simultaneously making sure a retiree has enough cash for immediate needs. This isn't a new strategy or one t...

PGIM High Yield Bond Fund, Inc. (NYSE:ISD) (the “Fund”), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended November 30, 2019. This financial data is unaudited. Amounts do not reflect adjustments fo...

Although risk-free yields have nudged up a bit after seven years of Fed ZIRP (zero interest rate policy) from 2008 to 2015, the desirability of investment grade or bank insured yield vehicles remains muted. Indeed, with the 10-year Treasury continuing to sit sub-two percent and the Fed easing ...

Author's note : A modified version of this article was initially released to CEF/ETF Income Laboratory members on October 2, 2019. Commentary and some data have been updated for public release. We often tell our members to not just look at the yield. Particularly for closed-end funds wh...

By Tracy Chen, CFA, CAIA In part one , we provided an in-depth analysis of CLO tranches, including the factors driving their spreads. While each tranche has been influenced by varying forces, we noted the fundamentals for the overall market have deteriorated, particularly relative to high...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discoun...

PGIM High Yield Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield Fund, Inc. (NYSE: GHY) declared today that the funds will increase monthly distributions for December 2019 and January and February 2020. The distribution amounts and schedule for each fund appears below: The distribut...