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High yield funds (including both mutual funds and ETFs) took in $728 million in net new money for the fund-flows trading week ended Wednesday, February 13. This was the fifth net inflow in the last six weeks for the group during which time its total intake has been +$9.4 billion, this includes...
Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame." - Pearl S. Buck Watching with interest the weakening tone in February in credit markets following the stellar month of January, in conjunction with confirmation of a global slowdown, and with no resolutio...
The US high-yield market has suffered ten peak-to-trough losses greater than 5% in the last 20 years. On average, investors recovered their losses in only four months - and sometimes as few as two. Following the longest and largest drawdown of -35%, which lasted 19 months, investors who stay...
By Collin Martin The investment-grade corporate bond market has gotten riskier. BBB rated corporate bonds now make up more than half of the investment-grade corporate bond market,¹ and the share keeps rising. We suggest investors play defense with their investment-grade corporate bo...
By Kevin Flanagan, Senior Fixed Income Strategist A bit over a month into the new year, and the two asset classes whose performance stands out are U.S. investment grade ((IG)) and high-yield ((HY)) bonds. This recent turn of events is certainly a noteworthy reversal of fortune from how 201...
It takes 35 years in the trenches of the junk bond market for an investment professional to come up with a one-liner that summarizes the volatility of low-grade debt: “It reads like a bond, but trades like a stock.” As junk bond spreads were blowing out in January 2016, the ...
It's good to be a Blackstone (NYSE: BX ) partner. Feeling its oats after the major rally in high-yield, the private-equity giant's Ascend Learning yesterday launched a CCC-rated $300M offering to fund a dividend distribution. More news on: The Blackstone Group L.P., iShares iBoxx $ High Yi...
Just like the broader market this week, the rally in high yield credit stalled out a bit. Earlier on Friday, we highlighted the fact that the S&P 500 ran into resistance right at its 200-DMA earlier this week and has been pulling back ever since. In the case of the ETF that tracks the hi...
U.S. high-yield funds pulled in $3.86B for the week ended Friday, the largest amount since July of 2016, according to Lipper data. More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks ...
By Gershon Distenfeld Should you be concerned that high-yield bonds didn't predict last year's equity market selloff? We don't think so. In fact, we think investors should consider adding high-yield exposure to reduce overall risk. High-yield bonds have traditionally been a reliable earl...
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Western Asset High Income Fund II Inc. Company Name:
HIX Stock Symbol:
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2024-06-20 09:00:23 ET Western Asset High Income Fund II Inc (HIX) declaring a stock dividend of $0.049 per share on Ex-Date : June 21, 2024. Shareholders on record as of June 21, 2024 are eligible for the dividend. The payment date is scheduled for July 01, 2024, and the declaratio...
2024-05-23 05:00:26 ET It’s finally happening: Management fees on our favorite 8%+ paying assets— closed-end funds (CEFs) —are falling. And some are sending their already soaring dividends even higher, too. Those are key reasons to invest in these high-yield pla...
Western Asset High Income Fund II Inc. (NYSE: HIX) today announced the financial position of the Fund as of January 31, 2024. Footnotes: (a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borr...