Western Asset Mortgage Opportunity ... (DMO)
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CEF Weekly Review: Why Rising Leverage Costs Are Not To Blame For Low Returns
23 September 2022
We review CEF market valuation and performance through the third week of September and highlight recent market action. CEFs had a tough week due to an upside surprise in inflation which pushed nearly ...
Income Opportunities Come Back In The Triple Dip
20 September 2022
The income market has gyrated widely this year in response to changing market conditions and Fed's stance. We discuss why we didn't chase the June-August rally and why we are now seeing value reemerge...
Attractive Income Opportunities In Niche And Resilient Sectors
13 September 2022
Most bread-and-butter income sectors took significant losses this year and this includes high-quality sectors like investment-grade bonds which normally outperform in weakness. In this article, we hig...
CEF Weekly Review: MLP CEFs And Portfolio Diversification
11 September 2022
We review CEF market valuation and performance through the first week of September and highlight recent market action. CEFs had another down week along with the rest of the income space on the back of...
DMO And WDI: A Look At Two 10%-Yielding Credit CEFs
10 August 2022
We take a look at two 10%-yielding Western Asset credit CEFs: DMO and WDI. The main differentiator is the allocation profile, with DMO primarily holding mortgage securities while WDI is more of a mult...
CEF Weekly Review: CEF Yield Rise Has Outpaced Increase In Leverage Costs
24 July 2022
We review CEF market valuation and performance through the second week of July and highlight recent market action. The CEF market was fairly flat on the week as stocks and Treasuries moved in opposite...
DMO: A 10%-Yielding Mortgage CEF With Strong Income Tailwinds
20 July 2022
We take a look at a mortgage CEF DMO, trading at a 10% current yield and a 9.6% discount. The fund has a mostly floating-rate profile and a fixed leverage cost until mid-2023, allowing to strongly ben...
CEF Weekly Review: Rates Are Up, Why Are My Loan CEFs Down
9 April 2022
We review CEF market valuation and performance through the last week of March and highlight recent market action.
7-8% Yielding Consumer-Linked Assets Worth A Look In This Market Environment
30 March 2022
Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.