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Weekly Review: High-Yield CEFs - BGH Offers The Highest Yield In The Sector

Published Sat, 12 Jan 2019 08:00:00 -0500 on Seeking Alpha

Introduction
The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds. And this feature continues to attract market participants even when the overall market looks unstable.
In spite of CEFs being mostly of interest to income investors, we have found our path to approach them as active traders, and we are constantly monitoring them. As a testament to this, you will be kept up to date with Weekly Reviews such as the one below.
The Benchmark
A solid week for the high-yield sector. The main benchmark, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), increased its price by 1.35 points in the first trading days of the new year. The main index finished the week in a green territory and managed to close at $82.39 per share. The last green bar on the chart is something which we have seen recently. Is it an indication for returned confidence in the sector? I think the next several weeks are very crucial to show what will be the direction and the mood. I cannot miss highlighting the higher premium which investors seek to invest in riskier assets such as high-yield bonds. You can find more information in the next section of our review.

Source: Barchart, iBoxx $ High Yield Corp Bond iShares
Statistical Comparison And Spread Review Of The... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MFS INTERMEDIATE HIGH INCOME FUND 2.26   0.0 0.00 0.00 10.10
CS HIGH YIELD BOND FUND 2.31   0.0 0.00 0.00 9.87
NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND 10.25   0.0 0.00 0.80 7.82
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 83.62   0.0 0.00 4.50 5.36
SPDR S&P 500 ETF 257.40   0.0 0.00 5.10 1.97

MFS INTERMEDIATE HIGH INCOME FUND - CIF
MFS INTERMEDIATE HIGH INCOME FUND - CIF  


Older articles featuring Mfs Intermediate High Income Fund (CIF):
Are High-Yield Municipal Bonds 'High Yield' Or 'Junk'?
Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%
Weekly Review: High-Yield CEFs - Currently, DHF Is Traded At -5.00 Z-Score
High Yield Spreads Come Unhinged
Weekly Review: High-Yield CEFs - 9% Yield Accompanied By One Of The Lowest Z-Scores
Weekly Review: High-Yield CEFs - CIK With Z-Score Of -4.20 Points Caught My Attention
4 Things You Should Know About High-Yield Bonds
Weekly Review: High-Yield CEFs - 9% Yielder Is Traded At 14% Discount
PM Perspectives: Our Positive Prognosis For High Yield
Gundlach: U.S. High Yield Spread Heading Into Recession

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