PIMCO CORP.+INCOME OPP.FD

Since my last analyses on PDI and PTY, the spread between short and long treasury rates has become negative, resulting in an inverted yield curve. This heightened risks for PDI more than PTY because of PDI's larger exposure to mortgage-related assets and also its heavier leverage. These considerations have led me to downgrade my PDI rating to sell.» Mehr auf seekingalpha.com

PIMCO's taxable CEFs have seen a significant increase in distribution coverage, likely more driven by interest rate swaps rather than reduced leverage costs. PIMCO has sharply reduced leverage and duration risk across its taxable CEFs, positioning defensively amid tight credit spreads and low longer-term rates after the first Fed cut. Valuations have deflated slightly, with the average taxable premium just above 10%; PIMCO Muni CEF valuations are reasonable, especially for CA and NY state funds.» Mehr auf seekingalpha.com

Stop asking yourself if you should have exposure to the credit market and ask yourself why you're missing out on all the income it generates. The credit market can be a confusing place, and leveraging experts can be a wonderful idea. Collect income while others do the hard work for you.» Mehr auf seekingalpha.com