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Weekly Review: High-Yield CEFs - HYB Is A 7.83% Yielder With Positive Earn/Coverage Ratio

Published Wed, 13 Mar 2019 11:48:42 -0400 on Seeking Alpha

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
After the long positive period, we finally see a brief stumble in the price of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The decrease on a weekly basis is $0.51 and the benchmark finished the Friday trading session at $85.10 per share.
The US stock market and the high-yield bonds were negatively affected by the employment data that badly missed expectations, adding to growing concerns that the global economy may be slowing down. Currently, the situation remains stable as the correction of the trend was more or less expected. Nevertheless, if the market participants start to see uncertainty in the market environment we may see a quick change of the trend direction.

Source: Barchart, iBoxx $ High Yield Corp Bond iShares
Statistical Comparison and Spread Review of the Sector
High-yield bonds are... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CS HIGH YIELD BOND FUND 2.44   0.0 0.00 0.00 9.31
WELLS FARGO ADV INCOME OPP FUND 7.78   0.0 0.00 0.00 9.15
PIONEER HIGH INCOME TRUST 8.90   0.0 0.00 0.00 9.06
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 3.08   0.0 0.00 0.27 7.94
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 85.78   0.0 0.00 4.56 5.31
SPDR S&P 500 ETF 281.31   0.0 0.00 5.10 1.81

CS HIGH YIELD BOND FUND - DHY
CS HIGH YIELD BOND FUND - DHY  


Older articles featuring Cs High Yield Bond Fund (DHY):
Should High Yield Investors Be Concerned About 'Fallen Angels'?
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
Weekly Review: High-Yield CEFs - CIK Is 9.09% Yielder With A Relatively Low Z-Score And Duration
Weekly Review: High-Yield CEFs - KIO Offers 9.80% Yield And One Of The Lowest Durations
High Yield: The Comeback Kid
High Yield Stalls
Can A High-Yield Allocation Still Offset Equity Volatility?

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