It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any fut
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatil
The market is showing signs of weakness and lacks sustainable upside momentum. The recent sell-off has broken key moving averages, indicating a potential shift in market sentiment.
Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.

EGF - AAA Fund With Overwritten Swaptions

08:46pm, Tuesday, 03'rd Jan 2023
BlackRock Enhanced Government Fund is a fixed income closed-end fund. The CEF comes from the BlackRock suite but is on the small side with only a $40 mm AUM.
While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter cur

Mind The Bond Market

12:20pm, Thursday, 18'th Nov 2021
The deficit spending that supported the economy in 2020 is showing up in hot inflation numbers in 2021. While I think the inflation numbers will get better in 2022, I do not believe they will get back
NEW YORK--(BUSINESS WIRE)--BlackRock Enhanced Government Fund, Inc. (the Fund) (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Funds annual repurchase offer for its shares of common stock (the Repurchase Offer). The Repurchase Offer and withdrawal rights expired at 5:00 p.m., Eastern Time, on November 16, 2021. The Fund offered to repurchase up to 5% of its issued and outstanding shares of common stock (the Shares) for cash at a price equal to the net asset value of the Sha

Tapering Impact On Treasury Supply

10:03am, Tuesday, 16'th Nov 2021
At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course
We review CEF market valuation and performance over the third week of October and highlight recent market events. The CEF market has partly retraced its September weakness as equity NAV strength and a

Inflation Expectations Come Unanchored

09:00am, Wednesday, 13'th Oct 2021
Inflation expectation is a key metric the Fed watches closely. Housing costs - based on different measures of rents - account for one-third of CPI.
NEW YORK--(BUSINESS WIRE)--Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (
The commercial banking system now maintains the largest amount of reserve balances it has ever held, thanks to the effort of the Federal Reserve System. Because of this liquidity in the banks, short-t
NEW YORK--(BUSINESS WIRE)--Today, BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) , BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: F

The Dollar Softens Ahead Of The FOMC

07:33am, Tuesday, 15'th Sep 2020
China reported fixed asset investment, and at -0.4%, it was in line with forecasts and shows sequential improvement.
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