Wall Street Missed The Memo On These Bond Yields Up To 13% [Forbes]
Western Asset High Income Fund II Inc. (HIX)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-high-income-fund-ii-inc.html
Company Research
Source: Forbes
While the suits fawn over the hot “Trump trade” stocks , we dividend investors are going to dumpster dive. Hey, we have no shame. We're talking about yields from 7.8% to 13.4%, paid monthly! Why the bargains? Bonds have been bloodied since the Federal Reserve cut rates. Wait, what? Let's remember the Fed guides short-term rates. Long-term rates , on the other hand, march to the beat of their own drum: Rates Rebound Ycharts We could dip into bond exchange-traded funds (ETFs)—they'll have the same tailwind at their back. But I prefer CEFs over bland ETFs for three very simple reasons: They yield more. They can use debt leverage to juice returns. We can buy some CEFs at a discount to their net asset value (NAV). Note the emphasis on “some.” Once it was clear a bull run in bonds was a certainty, some CEFs' discounts vanished and haven't returned. But fortunately for us, other CEFs are still trading for less than they're worth—while delivering an average of 10% in month
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HIX
Sec Filings
- 12/19/24 - Form NPORT-P
- 12/11/24 - Form 3
- 11/22/24 - Form 3
- HIX's page on the SEC website