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We review CEF market valuation and performance through the third week of May and highlight recent market action. The CEF space had a pretty flat weak as a modest tightening in discounts offset further NAV falls. We take a look at the question of relative performance between High-Y...
Western Asset Diversified Income Fund (NYSE:WDI) declares $0.120/share monthly dividend, 2.6% increase from prior dividend of $0.117. Forward yield 9.91% Payable July 1; for shareholders of record June 23; ex-div June 22. Payable Aug. 1; for shareholders of record July 22; ex-div July 21. Pay...
The expected risk premium continued sliding in April for the Global Markets Index (GMI). Tuesday’s revision reflects a drop to a 5.4% annualized increase for the long term – a relatively large cut of 40 basis points from last month’s estimate. The forecast ref...
We review CEF market valuation and performance through the third week of April and highlight recent market action. CEF NAVs had a tough week due to falls in both stocks and Treasuries, however, discount tightening partially offset the drop. We take a look at the recent rise in lev...
We review CEF market valuation and performance through the second week of April and highlight recent market action. The recent rally fizzled as the CEF space fell sharply with most sectors dropping more than 1%. We highlight funds that are likely to be more resilient in the face o...
The sharp rise in interest rates has arguably figured as the most important market dynamic so far this year. We highlight funds that have been able to digest this rise in rates and which also offer attractive yields and discount valuations. Although we don't expect a continued ris...
WDI is a multi-sector bond fund that invests with a particular focus on being flexible. At this time, most of their positions are in high-yield bonds and MBS holdings. Since launch, the fund has been sliding downward, but it seems to be poor timing and not necessarily anything fun...
The recent CEF market drawdown has made it clear that it is those investors who maintain dry powder reserves that can fully take advantage of current attractive CEF yields. Credit markets have a number of features such as varying valuation levels, episodic volatility and mean-reversio...
The expected risk premium for the Global Market Index ticked slightly higher in March to an annualized 5.8% pace, fractionally above last month’s estimate. Using short-term momentum and medium-term mean-reversion market factors (defined below) to adjust the forecast trims GMI...
Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value. We like consumer-linked securities in this environment due to low household leverage, strong wage growth and hig...
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2024-07-05 13:16:00 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...
2024-05-25 02:38:00 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...
Western Asset Diversified Income Fund (NYSE: WDI) today announced the financial position of the Fund as of March 31, 2024. This financial data is unaudited. The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as it...