BSL: A Discounted CEF Aligned With Higher-For-Longer Interest Rates

2025-01-29 06:37:55 ET

Summary

• The Blackstone Senior Floating Rate 2027 Term Fund provides a compelling investment opportunity to those who think a higher-for-longer interest rate environment will emerge.
• The fund is set to dissolve in May 2027, which we deem a prudent exit date.
• Its low duration equates to low price volatility, under normal market conditions.
• BSL CEF's elevated yield will likely be sustained due to the vehicle's speculative-grade rating exposure and the interest rate outlook.

...

Read the full article on Seeking Alpha

For further details see: