PDO: 2 Things I Learned From Junk Bonds

2025-11-15 01:06:50 ET

PDO CEF and junk bonds

I last covered the PIMCO Dynamic Income Opportunities Fund (PDO) on Sept 25 with an article titled "Why I Prefer PDO Over PDI". That article presented a comparative analysis against PDI and rated PDO as a hold for the following reasons:

My conclusion is that PDI 's current price premium has already factored in the potential impacts of lower rates. From this point on, I see PDO better positioned to benefit from lower rates. I expect lower rates to have a more pronounced impact on PDO's net interest expenses and net investment income coverage.

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