RCS: Changing Make-Up, High Premium, Still A Mixed Case

April PIMCO Update: Warp Speed

09:13am, Saturday, 19'th Jun 2021
We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically

PIMCO CEF February Update

03:39pm, Friday, 09'th Apr 2021
We discuss the leverage and distribution coverage figures of PIMCO CEFs for February.

RCS: Evaluating The Good And The Bad

07:19am, Sunday, 28'th Feb 2021
RCS has been performing very well since 2021 began. The fund has a large amount of exposure to agency MBS. This is a sector I continue to favor and has been seeing a lot of institutional buying.
RCS: A Look At This Higher-Quality Allocation PIMCO CEF

PIMCO CEF Suite Update: December 2020

06:00am, Thursday, 11'th Feb 2021
PIMCO CEF Suite Update: December 2020
Coverage ratios were fairly flat month-over-month but UNII values fell a bit. I'm not concerned about the distribution being cut on the taxable funds. NAV performance has been stellar across the entir

PIMCO CEF Update - PIMCO Taps The Brakes

03:24am, Wednesday, 23'rd Dec 2020
The average PIMCO taxable leverage level has fallen for the second month in a row, a rational response to credit valuations that are nearly fully priced. PIMCO CEF discount levels have recovered signi

PIMCO Leverage Update - Coming Off The Boil

02:01pm, Wednesday, 18'th Nov 2020
We review October leverage figures for the PIMCO taxable suite. We find that fund borrowings decreased slightly, possibly due to already high leverage levels and tightening underlying asset valuations
Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentall
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