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The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...
PHILADELPHIA , April 15, 2020 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. ("FAX") , Aberdeen Global Income Fund, Inc. ("FCO") , Aberdeen Australia Equity Fund, Inc. ("IAF") and Aberdeen Income Credit Strategies Fund ("ACP") announced today the postponement of ...
The “Great Lockdown” has caused a dramatic drop in 2020 growth expectations from the IMF, which said we are likely to see the worst recession since the Great Depression. But the big news was that the market was up 3% on the back of negative earnings reports from the country...
Marriott (NASDAQ: MAR ) today sold $1.6B in 5-year paper priced to yield 5.75%, reports Bloomberg. The notes are expected to be rated Baa3/BBB- More news on: Marriott International, Inc., iShares iBoxx $ High Yield Corporate Bond ETF, iShares iBoxx $ Investment Grade Corporate Bond ETF, Co...
Originally published April 8, 2020 It has always been interesting to me how the media concentrates almost 100% on the equity markets. It is almost like the bond markets didn't exist or, if they did, that it was on some far off planet that didn't deserve anyone's attention. I have always fe...
Included in the Fed's latest rescue package is its intention to now begin buying ETFs holding high-yield paper as well as direct purchases of paper that's recently been downgraded to junk. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield B...
By Pater Tenebrarum Everything and the Kitchen Sink After the first inter-meeting rate cut in early March, we opined that further rate cuts were a near certainty and that “not-QE” would swiftly morph into “QE, next iteration” (see Rate Cutters Unanimous for ...
By Scott DiMaggio and Gershon Distenfeld Most of the global bond market sold off sharply in the first quarter as the coronavirus crisis emerged and intensified. Economic activity halted across much of the world. Credit spreads—yields relative to comparable-maturity government bond ...
It's been a rough run for high-yield, but assisting in whatever bid there is for the paper is demand from yield-hungry life insurers, says Barclays. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, BlackRock Corporate High Yield Fund...
As a professional bond manager glued to a screen watching prices every day, it's hard to fathom that just a few weeks ago when March began corporate bond spreads were below historical averages¹. Flash forward, through what seemed like an eternity at the desk (or home office!), and those s...
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PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) , announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have app...
2024-07-25 05:00:37 ET Few people pay much attention to the management team of a closed-end fund (CEF). But it’s becoming a much more critical factor driving CEF upside (and downside!), as well as these funds’ 8%+ dividend payouts. I was reminded of this recently by a ...
abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed reorganization of the Acquired Fund wit...