Jeffrey Gundlach, the CEO of DoubleLine, has recently highlighted a new opportunity for income-seeking investors – closed-end funds. These funds, which are a relative of traditional open-end mutual funds, trade on public exchanges and offer a limited number of shares. This limited availability can cause the share price to trade at either a discount or
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The healthcare sector has experienced a significant rebound in issuance, with a 122.2% increase year-over-year through April, reaching $9.062 billion in the first four months of 2024. This surge comes after a period of declining volume, driven by factors such as federal stimulus funding, strong investment returns, deferred capital plans, and rising rates. Hospital issuance
The municipal market has seen little movement in secondary trading, with the primary market taking center stage due to a number of deals being launched. Leading the pack is a substantial $1.9 billion Novant healthcare revenue bond deal in the negotiated market, alongside a general obligation sale from Delaware. While U.S. Treasuries experienced weakness, equities
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In the current economic climate, with the Federal Reserve contemplating lowering rates, investors are urged to consider dividend-paying stocks as a viable source of income. Citi Research suggests that as interest rates decrease, traditional fixed income assets may become less attractive, leading investors to seek out companies with a history of consistent dividend payments. Scott
The municipal market experienced slight weakness in secondary trading on Wednesday, with a focus on the Los Angeles Unified School District’s nearly $3 billion pricing for institutions. This performance was influenced by the rise in U.S. Treasury yields and mixed results in equities. According to GW&K Investment Management strategists, munis entered the second quarter in
Galactix.io, based in Tortola, British Virgin Islands, is making waves in the online gaming world with its innovative approach to casino games. Unlike traditional online casinos, Galactix prioritizes captivating game narratives that take players on a cosmic adventure through galaxies and new worlds. This narrative-driven exploration not only adds excitement to the gaming experience but
UBS, a global financial services company, has stated that they do not expect the Federal Reserve to cut rates until September. They anticipate only two rate cuts this year, with the first one occurring in the fall. According to UBS, the yield on the 10-year Treasury note is projected to slide to around 3.85% by
The municipal bond market was primarily focused on the primary market as investors assessed several large deals, while the secondary market took a backseat. U.S. Treasuries showed improvement and equities rallied based on earnings reports. This dynamic created a scenario where new issuances were on the rise, leading to elevated muni yields, as noted by
Rockefeller Asset Management recently announced the addition of three new portfolio managers to strengthen its municipal investment strategies within its fixed income division. Scott Cottier, Mark DeMitry, and Michael Camarella, who previously managed the California Value Municipal Income Trust and the Trust for Investment Grade New York Municipals at Invesco, will be joining Rockefeller. These