Western Asset High Yield Defined Stock News

Western Asset High Yield Defined Opportunity Fund is a closed-end fund scheduled to be liquidated in 18 months. The fund's current yield of 9.52% compares well to similar options in the market. HYI's

The Western Asset High Income Fund II is undergoing a rights offering, which has pushed the fund to a deep discount.

The Western Asset High Yield Defined Opportunity Fund offers investors exposure to high-yield corporate debt. The fund provides a respectable yield with relatively strong distribution coverage despite

Leveraged closed-end funds are facing headwinds of rising costs associated with leverage in a higher interest rate environment. The Western Asset High Yield Defined Opportunity Fund offers exposure to

HYI is a fixed-income closed-end fund. What makes HYI stand out is its term structure, with the fund set to terminate on or about September 30, 2025.

HYI is a non-leveraged fund that operates in the high-yield space. During times of volatility and higher interest rates, no leverage can be a benefit.

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

HYI and HYB both offer exposure to a portfolio in the high yield space; high yield bonds provide reduced interest rate sensitivity. One of the primary differences is that HYB is leveraged while HYI is

HYI and UTF are prime example of why discounts/premiums matter with closed-end funds. Sometimes the valuations take longer to play out than others; HYI's example happened quite quickly.

We review CEF market valuation and performance over the third full week of October and highlight recent market events. Equity-linked CEF sectors have been supported by strength in equities while highe

HYI: Latest Report Shows The Impact Of Declining Rates

HYI: High Yield, No Leverage, Term Structure Fund Worth A Look

HYI is an unleveraged high yield portfolio; this can make it relatively less volatile than other high yield CEF options. The latest report has been released; in there, we can see that lowered interest

FTHY: Opportunity In This Term Fund

The fund's discount remains attractive, as a term dated fund we anticipate this to gradually decline to par as we head into 2025. HYI remains an enticing high-yield fund for those that don't want to d