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We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically expensive. We continue to like PDO due to its more attractive valuation with the...
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount. For further details see: The Quality Closed-End Fund Report: May 2021
Large-cap stocks hit new highs on strong data with record highs set several times during the week and finished very strong rising 300 points on Friday. Discounts on taxable bond CEFs are now very close to NAV. My calculation (which adjusts for the massive premiums on the CLO funds) sh...
Investors chasing small and mid-size value stocks are causing yields to decline for fixed income investments. I have reduced holdings into core investments surviving the pandemic. Portfolio Online Tracker, POT5.8 update, charts in this article come from the tracker. For furt...
We discuss the leverage and distribution coverage figures of PIMCO CEFs for February. We also highlight the interest-rate positioning in the taxable suite, which, in large part, is responsible for the performance of the taxable funds in this rising rate environment. We continue to...
The PIMCO coverage ratio looks fine for now. The dollar has rebounded in February and March which should place upward pressure on the coverage figure next month. The taxable funds are all doing well fundamentally and we look at a host of factors outside of coverage. The valuation,...
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are CEV, JPC, and DSL. For further details see: The Quality Closed-End Fund Report, February 2021
Global manufacturing PMI buoyed by further strong gains in production. Robust growth seen in the US, Eurozone, India and Brazil despite supply chain delays close to record high. Expansion limited by further slowdown in China, in turn linked to shipping and logistics problems. ...
RCS has been performing very well since 2021 began. The fund has a large amount of exposure to agency MBS. This is a sector I continue to favor and has been seeing a lot of institutional buying. The fund's premium to NAV and poor UNII metrics are still reasons to remain a little b...
RCS is a relatively idiosyncratic fund in the PIMCO taxable suite, with an overweight in agencies. We take a look at some of the fund's features and try to figure out some of its more puzzling attributes. These puzzles are how much leverage does the fund carry in its agency alloca...
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2024-07-15 05:00:18 ET This levitating stock market has brought back worries about a crash (and a recession). I know, I know. We’ve been hearing that doomsday forecast for what feels like forever—and nothing of the sort has come to pass. But a recession will eventu...
2024-04-14 06:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distribu...