2023-05-16 00:35:35 ET
Summary
- The Western Asset Global Corporate Defined Opportunity Fund is a fixed income closed-end fund.
- The CEF focuses on global bonds (mostly investment grade corporates) and includes local currency paper.
- A defining feature of this CEF is its December 2024 maturity date, with the collateral pool not being tenor matched.
- An equity holder in GDO will take on significant market risk as we approach the fund's maturity date.
- The article presents a good methodology to trade this term CEF.
For further details see:
GDO - Global Bond CEF, 9.7% Yield And 2024 Maturity Date