KIO News and Press, KKR Income Opportunities Fund From 12/21/18

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 Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Investors are right to be concerned, of course. US corp...

By Collin Martin Key Points Risks are rising in the corporate fixed income markets and we suggest a more cautious stance heading into 2019. Investors should consider moving up in credit quality. Coupon income will likely be a key driver of total returns in 2019. Risks are...

By Andrew Mulliner, CFA, Ryan Myerberg Portfolio Managers Andrew Mulliner and Ryan Myerberg take a candid look at escalating U.S. debt and the implications for bond investors. It's All about Lifting Weights We are not really talking about lending directly to Uncle Sam here, but the she...

There are several points of confluence between financial markets and the real economy. Asset price volatility can produce negative effects on confidence, of course, forcing economic agents to reconsider their own business activities. More than that, in the gigantic bond market, in particular, ...

By Kathy A. Jones Peak expectations The worst may be over for the bond bear market. After more than two years of steadily rising bond yields (and falling bond prices, which move inversely to yields), our research suggests that 10-year Treasury bond yields may have peaked for this tighten...

Junk investors pulled cash from U.S. high-yield funds for three straight weeks and seven of the last 12 weeks, with Lipper reporting an outflow of $828M last week. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse H...

While the current cycle of declining interest rates has been running for at least 25 years, the most recent iteration of the period has been exceptionally benign. Since the end of the global financial crisis, corporate and, to a greater extent government, borrowing costs have run at the levels...

JPMorgan Chase sees the pessimism in equity and high-yield bond markets as overdone, as it sees only a 20% to 30% chance of a recession in 2019, with an increased probability in 2020, Bloomberg reports. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays ...

A reader suggested to look at the KKR Income Opportunities Fund ( KIO ) and compare it to the DoubleLine Income Solutions Fund ( DSL ) I reviewed yesterday. I thought that was a great suggestion and got on it with it. Let's first look at what KKR Income Opportunities fund does: KKR Income ...