PML News and Press, Pimco Municipal Income Fund II of Beneficial Interest From 01/24/20

By Kevin Flanagan When investors look for forward guidance on global interest rate trends, the U.S. Treasury ((UST)) market is typically viewed as the bellwether arena. While we certainly agree with this premise, every once in a while, Treasury yields can take their cue from an overseas so...

(This report was first issued to members of Yield Hunting on January 6th. All data herein is from that report.) Closed-End Fund Analysis December capped off a very good year for closed-end funds with nearly all asset classes posting solid returns - and the majority up double digits. CEFA...

We continue to live in a "Borrower's Paradise," Wonderland. That much is obvious with the 3 month Bill at 1.54%, the two year Treasury at 1.53% and the 10 year Treasury at 1.77%. Touting his bilateral trade deals and financial deregulation, at Davos, President Trump said that "we still have ...

Main Thesis The purpose of this article is to evaluate the PIMCO Municipal Income Fund II ( PML ) as an investment option at its current market price. As my readers know, I have been bullish on municipal ((muni)) debt for a long time, and I continue to express optimism on the sector in 20...

The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Most of the information h...

Introduction The first full week of the year was very positive for the municipal bonds and the closed-end funds that invest in them. Just a year ago, the market environment was totally different and it was possible to find many interesting buying opportunities in the area. Currently, the c...

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By John R. Mousseau, CFA 2019 saw bond yields turn around from their climb in 2018 and move lower. Since the Federal Reserve changed its language last December to being accommodative and data-driven, we have seen yields across the board come down a lot. There is no question that this drop ...

Main Thesis The purpose of this article is to evaluate the PIMCO Municipal Income Fund III ( PMX ) as an investment option at its current market price. PMX is a CEF invested in municipal ((muni)) debt but without the single state focus of many PIMCO offerings. While I still see plenty of val...

Author's note : This article was released to CEF/ETF Income Laboratory members on December 17, 2019. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence ...