SDHY News and Press, PGIM Short Duration High Yield Opportunities Fund From 05/06/21

Diversification remains key. Flexible strategies can also take advantage of a more uncertain yield and spread environment. We continue to find reasonable opportunity in both public and private credit markets. We find value in non-agency mortgages and prefer cyclicals to growth sto...

The question today is, should you avoid CEF IPOs? From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch. One potential way to play this could be buying on day 1 and selling after 1-month of holdin...

The bond market is partying like it's 1999, and there is no end in sight. Despite wide spreads and tight spreads, bonds still need to be bought by insurance companies, money managers, university endowments and other institutions that have ratings partially based upon their bond positi...

PGIM launched SDHY in the latter part of November of 2020. The sponsor only has a few CEFs, SDHY is just their third fund. Though they don't have a big presence in the CEF space, they have a long track record being founded back in 1875. For further details see: SDHY: New...

The first quarter of 2021 brought what the Asset Allocation Committee expected, and as it looks to the next six to 12 months, it faces two questions. Do we think the economy will overheat, pushing bond yields to levels that unsettle equity markets or even force central banks to stifle...

Higher yields have so far left the credit market largely unscathed, but they have changed the balance of opportunity. Against this year's early-cycle background, we anticipate further tailwinds for the lower-rated, more economically sensitive part of the credit market. Right now, ...

The jarring retreat in global bond markets this year has provoked comparisons to the mid-2013 Taper Tantrum, when the Fed hinted at the prospect of scaling back its QE program. While today's upheaval shares many similarities with that earlier event, there are also some notable differe...

One of the interesting things during the period when Treasury yields were rising was that all of the risk assets were compressing against Treasuries. There is virtually no spread in any of the credit indexes that pays the buyer for the credit risk. The spreads are just off historic lo...

For credit markets, the returns just kept coming in 2020 once the Fed stepped in with its strong policy support in late March. With strong returns in the fourth quarter, both investment grade and high yield corporate markets in the U.S. ended the year with positive returns over equiva...

Rising rates are such a problem for gold bullion that gold bullion and major gold stocks are where they were before the COVID pandemic crashed the U.S. stock market at this time last year. In other words, they have wiped out all the pandemic gains. The bid in the dollar is significant...