BTZ, a fixed income CEF, has a high 34% leverage ratio and invests in U.S. IG and HY bonds. Current credit spreads are very tight, and a mean reversion is expected in 2025, potentially leading to a ...
We assess the performance of FAs since Covid using the FTSE Time-Weighted Fallen Angel Bond Index (TWUSFA), which captures critical timing effects. We find a more favourable risk/return profile in FAs ...
The US investment-grade corporate primary continues its steady pace of issuance on Tuesday, with at least six offerings adding to the 10 sold yesterday. The high-yield primary, which has become more ...
The US investment-grade corporate primary expects one issue on Wednesday, while the high-yield arena is active with at least three offerings expected to price. Economic data releases today include the ...