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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 2.52   0.0 0.00 0.00 9.08
PIONEER HIGH INCOME TRUST 9.18   0.0 0.00 0.00 8.89
WELLS FARGO ADV INCOME OPP FUND 8.05   0.0 0.00 0.00 8.82
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 3.10   0.0 0.00 0.27 8.72
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 85.65   0.0 0.00 4.59 5.33
SPDR S&P 500 ETF 282.78   0.0 0.00 5.24 1.83

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


Older articles featuring Cs High Yield Bond Fund (DHY):
High-Yield Market Is Fairly Priced
Seeking Income In High Yield Bonds
HYG And U.S. High-Yield Market Outlook: Week Ending May 03, 2019
Looking To De-Risk? High Yield Can Help
The Dollar, Market Breadth, High-Yield Bond Market Health And The VIX
Weekly Review: High-Yield CEFs - IVH Is An Attractive Combination Of Discount And Current Yield
Weekly Review: High-Yield CEFs - EAD Is A 9.12% Yielder With An Attractive Valuation
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

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