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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 2.50   0.0 0.00 0.00 9.55
CS HIGH YIELD BOND FUND 2.46   0.0 0.00 0.00 9.34
NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND 11.23   0.0 0.00 0.79 6.98
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 85.81   0.0 0.00 4.56 5.31
SPDR S&P 500 ETF 279.04   0.0 0.00 5.24 1.88

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


Older articles featuring Mfs Intermediate High Income Fund (CIF):
Should High Yield Investors Be Concerned About 'Fallen Angels'?
Yield Hunter CEF Report March 2019: Distribution Cuts Pick Up, But So Do Increases
Weekly Review: High-Yield CEFs - AIF Is 8.68% Yielder With Stable Distribution
Weekly Review: High-Yield CEFs - BGH Offers 10% Yield And Low Duration
A Cautionary Take On High-Yield Bonds
High-Yield Bonds: A Long-Term Investor's Friend
High Yield: The Comeback Kid
High Yield Stalls
Can A High-Yield Allocation Still Offset Equity Volatility?
Weekly Review: High-Yield CEFs - HNW Offers 8.24% Yield Accompanied By One Of The Highest Discounts

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