Weekly Review: High-Yield CEFs - А Lot Of Volatility In The Last Week Of January
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}(window));Seeking AlphaClosed End FundsWeekly Review: High-Yield CEFs - А Lot Of Volatility In The Last Week Of JanuaryFeb. 5, 2020 11:17 PM ET|| Includes: AIF, AWF, CIF, DHF, EAD, HIO, HIX, HYG, IVH, KIO, MCI, MCR, MPV, NHS, SPY, TLT, VLTby: Arbitrage TraderArbitrage Trader Arbitrage, debt, bonds, short-term horizonMarketplaceTrade With BetaSummaryThe last week of January was very volatile, as investors were concerned about the negative impact from the coronavirus.
We continue to see a strong correlation between high-yield bonds and the stock market.
The Z-scores of the closed-end funds that invest in high-yield bonds remain relatively high, and we cannot find so attractive an investment opportunity for our portfolio.
Introduction
The past week was very interesting in every aspect. The prices of the main benchmark of the high-yield bonds and the closed-end funds which invest in high-yield bonds were very volatile compared to their... Read more