PCF News and Press, High Income Securities Fund From 02/13/19

By Collin Martin The investment-grade corporate bond market has gotten riskier. BBB rated corporate bonds now make up more than half of the investment-grade corporate bond market,¹ and the share keeps rising. We suggest investors play defense with their investment-grade corporate bo...

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...

It takes 35 years in the trenches of the junk bond market for an investment professional to come up with a one-liner that summarizes the volatility of low-grade debt: “It reads like a bond, but trades like a stock.” As junk bond spreads were blowing out in January 2016, the ...

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...

U.S. high-yield funds pulled in $3.86B for the week ended Friday, the largest amount since July of 2016, according to Lipper data. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks ...

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...

U.S. junk bonds' 4.52% return in January marks the biggest monthly gain in more than seven years and the best January since 2009. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks n...

By Brendan Loftus, Research Analyst When volatility returned with a vengeance in 2018, few markets or asset classes were spared. As asset prices declined, investors have started to question if this is a momentary blip or the start of a larger move. Below, we discuss what recent moves have ...

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....

There were no major U.S. Federal Bank speeches this week, so let's dive into the market overall, starting with corporates. CCC yields (in blue) widened sharply between 10/18 and 12/18, rising about 425 basis points (left scale). Spreads have tightened a bit since then, coming down to about 1...