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As many investors recall from the Great Recession more than a decade ago, indiscriminate selloffs can generate big potential rewards. Today, nearly every fixed-
The immutable power of time - with an assist from the U.S. Federal Reserve (the Fed) - is what investors can expect to restore order to the corporate bond marke
None out of the 23 CEF sectors positive on price and zero out of 23 sectors were positive on NAV this week. Liquidity crash hits CEFs. NHF cuts by -50%, but sti
We are initiating our Roadmap to Recovery: Start of the New Cycle dashboard. The dashboard highlights the indicators we will be watching to determine the effica

Why Would You Buy Junk Bonds?

08:46am, Sunday, 29'th Mar 2020
Junk bond yields really do look ripe for the picking here. But that’s probably not the best use of capital at the moment. Given the dividend yields on offer acr

Twist And Shout

01:51pm, Thursday, 26'th Mar 2020
We are in the midst of a medical crisis leading to a health crisis enlarging into an economic crisis and they are all happening simultaneously. Each crisis foun
Zero out of 23 CEF sectors positive on price and zero out of 23 sectors positive on NAV this week. MLPs lead the downside. Several CEFs deleverage. Watch for ab
In 2008, we had a problem in the credit market (subprime mortgages), which made financial institutions move into credit tightening mode. Soon, that start cascad
Is the bear market over? This is the question for investors. At the moment, the Federal Reserve is fighting a potentially losing battle – the bond market. The “

Value Is A Poor Timing Tool

08:38pm, Friday, 20'th Mar 2020
Investment-grade and high-yield bonds have traded cheaper than where they are right now less than 10 percent of the time. But markets often overshoot, and just

Stocks That Hit 52-Week Lows On Thursday

02:49pm, Thursday, 19'th Mar 2020
On Thursday morning, 1178 companies hit new 52-week lows. Facts of Interest: The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
Apollo Fintech has reached an agreement with CBZ Capital to develop a national payment platform, and two other products

And Into The Heart Of Darkness

01:15pm, Wednesday, 18'th Mar 2020
At the beginning of 2020 I said that the New Year would be nothing like the last year. Things are playing out as predicted and with devastating consequences. In
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Slim pickings in the top DxYxZ list, but DxY reveals some

Primary Credit Market Is Key

11:36am, Monday, 16'th Mar 2020
If one is not attempting to be a hero forecaster, one key thing to look for is a resumption in corporate bond issuance. Although the corporate debt market is ex
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