2024-05-08 13:41:04 ET
Summary
- We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite.
- Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the last 12 months.
- Leverage levels across the PIMCO taxable suite remain subdued, reflecting the lack of compelling opportunities in the credit market.
- Investors should ignore lazy warnings about yield curve inversion, its potential impact on PIMCO CEFs.
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For further details see:
PIMCO CEF Update: Income Volatility And Yield Curve Risk