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☆ How to position your muni bond portfolio ahead of the election and potential tax law changes
▼ + stars: | 2024-09-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.

Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein

☆ The Fed is preparing to cut interest rates. How to revamp your fixed income investments
▼ + stars: | 2024-09-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely expected to start cutting interest rates Wednesday afternoon. Those yields are expected to start coming down sharply as the Fed begins to ease back on generationally high rates. Adding some duration Duration refers to a bond's price sensitivity to changes in interest rates. A bond yield moves inversely to its price, so that when bond prices rise, yields decline. Though investors in the space may be concerned about prepayment risk, especially as interest rates come down and homeowners look to refinance, Cetera says that worry may already be priced in.

Persons: Kathy Jones, Tony Miano, Jones, Schwab's Jones, Gene Goldman, Goldman, James Shagawat, Shagawat Organizations: Federal Reserve, Treasury, Schwab Center, Financial Research, Wells, Wells Fargo Investment Institute, York Life Investments, Investment Management, Investors Locations: Wells Fargo, AdvicePeriod, Paramus , New Jersey

☆ As the Fed gears up for rate cuts, here’s what income investors need to do
▼ + stars: | 2024-08-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

With Federal Reserve rate cuts expected to begin in September, income investors may want to make sure their portfolio is in check. Instruments like money market funds and high-yield savings accounts will react pretty quickly to rate cuts. Some $6.24 trillion is currently sitting in money market funds, as of the week ended Wednesday, according to the Investment Company Institute . Clark Bellin, chief investment officer at Bellwether Wealth in Lincoln, Nebraska, is bullish in investment-grade corporate bonds right now. He prefers individual bonds over bond funds because the investor has more control.

Persons: Jerome Powell, Rick Rieder, Lawrence, Clark Bellin, Bellin, he'll, Fidelity's Michael Plage, Treasurys, Patience, BlackRock's Rieder Organizations: Federal, Treasury, U.S, BlackRock, Investment Company Institute Locations: Jackson Hole , Wyoming, Hauppauge, Lincoln , Nebraska

☆ How investors can prepare for lower interest rates: It's 'like getting a haircut,' advisor says
▼ + stars: | 2024-08-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Lower interest rates are "generally positive for stocks," said Marguerita Cheng, a CFP and chief executive of Blue Ocean Global Wealth, based in Gaithersburg, Maryland. Considerations for cash, bonds and stocksFalling interest rates generally means investors can expect lower returns on their "safer" money, advisors said. High interest rates have meant investors enjoyed fairly lofty returns on these lower-risk holdings. Winnie Sun co-founder and managing director of Sun Group Wealth PartnersHowever, such returns are expected to fall alongside declining interest rates, advisors said. "They'll be crying in six months when interest rates are a lot lower," she said.

Persons: Jerome Powell, Andrew Harnik, Winnie Sun, Lee Baker, Powell, Stephen Brown, Marguerita Cheng, Sun, Powell didn't, Ted Jenkin, Carolyn McClanahan Organizations: Getty, Sun Group Wealth Partners, Financial Advisors, Finance, North, Capital Economics, Blue, Sun Group Wealth, Planning Partners Locations: Irvine , California, Atlanta, Jackson Hole , Wyoming, U.S, North America, Gaithersburg , Maryland, Jacksonville , Florida

☆ Ex-FTX exec's girlfriend accused of using his money to illegally fuel her political career
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

According to an indictment unsealed Thursday, Bond had a fake consulting agreement with FTX, the notorious cryptocurrency exchange run by Sam Bankman-Fried. The $400,000 she received — along with gobs of more stolen money from FTX — fueled her congressional campaign, prosecutors say. The charges against Bond come one day after she finalized a divorce with her previous partner, according to Salame. In total, Salame and FTX gave Bond over $900,000, according to the indictment — far above the legal limits. AdvertisementAccording to prosecutors, Salame even once asked a friend to donate to Bond's campaign, who joked about Salame reimbursing them.

Persons: —, Michelle Bond, Bond, Sam Bankman, Ryan Salame, Salame, Gary Wang, Nishad Singh, Caroline Ellison —, Wang, Singh, Ellison, Prosecutors, FTX, that's, Salame didn't, Lewis Kaplan, Danielle Sassoon, Bond —, Sassoon, Judge Kaplan, He's Organizations: Service, FTX, Business, Federal Elections Commission, US, Republican, Digital, Alameda Research, Justice Department Locations: Manhattan, Bahamas, New York's, Long, Bankman, Salame

Convicted former FTX executive Ryan Salame's domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Salame and Bond met in June 2021, and were in a relationship by early the following year, according to the indictment. The indictment alleges that Salame, identified only as CC-1, conspired with Bond to commit the crimes, saying that Salame arranged the payment from FTX to Bond. She then allegedly used "almost entirely" all of that money "to fund her campaign illegally," the indictment says. Salame's lawyers claim prosecutors reneged on an agreement to drop their campaign finance probe of Bond as an incentive to get him to plead guilty.

Persons: Ryan Salame's, Michelle Bond, FTX, Damian Williams, Bond, Salame, Bond's, Baker, Sterling Marchand, Marchand Organizations: Manhattan U.S, New Locations: New York, FTX, Potomac , Maryland, New York's, Long, Washington, Manhattan

☆ An ex-'Below Deck Med' cast member now crews a private luxury yacht in the Bahamas with her boyfriend. They work 16-hour days, but say it's the best hospitality job they've ever had.
▼ + stars: | 2024-08-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementLong days for the two-men crewAn interior view of the Sailing Location yacht. Lily Davison and Nik Dorward wear multiple hats on their trips, doing everything from cooking to acting as tour guides. Tops other hospitality jobsA coconut drink served on board Sailing Location. AdvertisementAnd they haven't had any nightmare guests, Davison said, unlike when she was on "Below Deck Med." Nik Dorward and Lily Davison aboard the Sailing Location yacht.

Persons: —, Lily Davison, Nik Dorward, Davison, It's, Dorward, Pablo Escobar's, James Bond's, they've Organizations: Service, Business Locations: Bahamas, Nassau , New Providence, Norman's, Staniel Cay, Florida

☆ Here’s where money managers are seeking income at mid-year as rates stay high
▼ + stars: | 2024-07-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.

Persons: –, Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif

☆ This sector is loved by Wall Street for its attractive yields and relative value
▼ + stars: | 2024-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

High interest rates have been a boon to Americans holding cash, but many on Wall Street are cautioning investors to start thinking ahead. People have been piling into cash vehicles like money market funds and certificates of deposit since the Federal Reserve started hiking interest rates. Interest rates appear to be staying higher for longer, with the Federal Reserve on Wednesday projecting only one rate cut this year. Agency MBS have a duration of about six years, per the Bloomberg US MBS Index as of June 3, Jones noted. Right now, the residential mortgage-backed securities sector looks attractive because of its relative value compared to investment-grade corporate bonds, he said.

Persons: Jones, Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Wells Fargo, Luis Alvarado, Alvarado, Falconio Organizations: Federal Reserve, Investment Company Institute, Schwab Center, Financial Research, Agency MBS, Bloomberg, MBS, UBS, Wells, Wells Fargo Investment Institute, Investors, corporates, UBS America's, AAA Locations: UBS Americas, Wells, Wells Fargo

☆ Money market funds yielding more than 5% won’t last. Where to deploy idle cash instead
▼ + stars: | 2024-05-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Money market funds' siren song has become a little louder: With the timing of Federal Reserve rate cuts shaky, yields on cash are still hot – for now. Here's how to decide where and when to redeploy some of your idle cash into fixed income. Taxes are also a key consideration as you build out your fixed income sleeve. Interest income from Treasurys, meanwhile, is subject to federal income tax but exempt from state and local taxes. A gradual entry toward fixed income You don't have to build out your fixed income allocation in one day.

Persons: Rob Williams, Charles Schwab, Ashton Lawrence, Lawrence, Williams Organizations: Mariner Wealth Advisors, Mutual Locations: Greenville , South Carolina, Treasurys, New York , New Jersey, California

☆ These bond funds offering yields upward of 5% could take off as Fed policy becomes uncertain
▼ + stars: | 2024-05-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That shakiness around when the cuts are coming, as well as the expectation that rates could remain higher for longer creates an opportunity for active managers. Rick Rieder, BlackRock's global chief investment officer of fixed income, told CNBC in a phone interview. Indeed, core bond funds were among the winners in the 2008 crisis. For starters, they should think about the role they want a given bond fund to play within their portfolio: Is it to offset equity risk or to boost returns? "You're not investing in bond funds to shoot the lights out and build your wealth pile," said Morningstar's Jacobson.

Persons: Rick Rieder, Rieder, Eric Jacobson, Morningstar, John Croke ,, Morningstar's Jacobson, Jaime Quinones, they're, Quinones Organizations: Federal Reserve, Barclays, Bank of America, Citigroup, CNBC, Bloomberg, SEC, Morningstar, Vanguard, Stockade Wealth Management, Mutual Locations: Marlboro , N.J

☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ Trump defends 'respected' company behind his $175M civil fraud bond
▼ + stars: | 2024-04-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump's lawyers defended his $175M civil fraud bond — and Knight Specialty — in court filings. AdvertisementLawyers for Donald Trump are defending the "respected" insurers behind his $175 million civil fraud bond in a series of new court filings. Trump's bond was underwritten by Knight Specialty Insurance Company, based in Los Angeles, run by billionaire Trump supporter Don Hankey, a so-called king of subprime car loans. "KSIC is a respected, well-capitalized, Delaware-domiciled insurer that has long underwritten surety bonds and other types of insurance placed around the country," Trump's lawyers wrote. Beyond that, the insurer "has access to more than $2 billion in assets and $1 billion in equity" through its parent company, Knight Insurance Company," the filings say.

Persons: Trump, —, Donald Trump, general's, Charles Schwab, KSIC, Letitia James, Knight, Arthur Engoron, Engoron, Don Hankey, Trump's Schwab, Read, Christopher Kise, Alina Habba, Clifford Robert Organizations: Service, underwriters, New York, Knight Specialty Insurance, Knight Insurance Company, Trump, Associated Press Locations: Manhattan, KSIC, New, Los Angeles, Delaware, Engoron

☆ Income investing opportunities emerge as the outlook for rate cuts moves to September
▼ + stars: | 2024-04-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

IEI has a 30-day SEC yield of 4.26% and carries an expense ratio of 0.15%. BINC, which is actively managed, has a 30-day SEC yield of 5.6% and a net expense ratio of 0.4%. Investors can use ETFs to tackle that space: Vanguard's Intermediate-Term Corporate Bond ETF (VCIT) has a 30-day SEC yield of 5.33%. There's also the iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) , offering a 30-day SEC yield of 5.4%. Hunting dividend payers Higher rates have overshadowed opportunities among dividend-paying stocks, which look less attractive to income investors who can find risk-free yields easily.

Persons: it's, Michael Carbone, Carbone, Gargi Chaudhuri, Collin Martin, There's, Michael Clarfeld Organizations: Dow Jones, Traders, Federal, Treasury Bond ETF, SEC, Schwab Center, Financial Research, Corporate Locations: Chelmsford , Massachusetts, BlackRock, ClearBridge

☆ Letitia James is not done with Donald Trump. Now she wants to know if he withheld evidence in her fraud case.
▼ + stars: | 2024-04-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Letitia James won a $454 million judgment against Trump, his penalty for a decade of fraud. She and Trump are now fighting over her claims that he withheld evidence from her fraud probe. "The Court is well within its authority to determine if Defendants and their counsel facilitated that perjury by withholding of incriminating documents," James argued in Tuesday night's letter. AdvertisementAt a hearing in April of 2022, he compared getting Trump's documents to "pulling teeth." Out of some 900,000 documents turned over, only ten were "custodial" Trump documents, meaning business files in the former president's direct custody.

Persons: Letitia James, Trump, James, —, Allen Weisselberg, Weisselberg, Arthur Engoron, Barbara Jones —, Bracewell, Barbara Jones, Drew Angerer, Kevin Wallace, Clifford Robert, Jones, they're, Wallace, Alina Habba, Marc Frazier Scholl, Scholl, Lewis Baach Kaufmann Middlemiss Organizations: Service, New, Trump, Trump Organization, Trump Org, Forbes, Engoron, Business, NY, General's, Manhattan, Attorney's Office Locations: New York, Manhattan, York

☆ Where investors might hide out if inflation continues to reaccelerate
▼ + stars: | 2024-04-10 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

To guard against stubborn inflation and higher-for-longer interest rates, investors should focus on quality companies with high pricing power and adjust their duration risk in bonds, according to Wall Street strategists and portfolio managers. Pricing power Companies with high pricing power tend to outperform when inflation is elevated because they have the ability to defend their profit margins by passing along higher costs to their end market customers. "In equities, you should prefer companies that have pricing power, i.e. "When inflation is the predominant risk in markets, correlations between stocks and traditional bonds tend to be high. BlackRock's iShares strategy team recently argued that investors should take advantage of spikes in bond yields while they can and reinvest their cash.

Persons: Stocks, Brad Conger, Sonu Varghese, Jason Pride, Pride, Rick Rieder Organizations: Dow Jones, Treasury, Street, Callaghan, Co, Big Tech, Carson Group, Securities, U.S ., Glenmede Trust Locations: Hirtle, BlackRock

☆ BlackRock says this is the 'last best opportunity' to buy these bonds
▼ + stars: | 2024-04-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"We believe the recent back up in rates is probably the last best opportunity to extend duration," wrote Gargi Pal Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock. Generally speaking, the value of a bond goes up as interest rates go down, with longer-dated bonds seeing the biggest gains. While bond funds have been seeing inflows this year, there are still plenty of investors with excess cash in short-term accounts. Different funds that offer that type of exposure include the iShares 3-7 Year Treasury Bond ETF (IEI) , the SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and the Vanguard Intermediate-Term Treasury ETF (VGIT) . Investors shouldn't go overboard with adding duration, because the long-term bonds on the market carry extra risk, Akullian said.

Persons: BlackRock's, Gargi Pal Chaudhuri, Kristy Akullian, It's, Akullian, Investors shouldn't Organizations: Treasury, Federal, Investment Company Institute, BlackRock, CNBC, Treasury Bond ETF, Research, Investors Locations: Americas, BlackRock, US10Y

☆ NY uses obscure civil-practice law to demand a closer look at Trump's $175M appeal bond — and at its underwriter, Knight Specialty
▼ + stars: | 2024-04-04 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

The LA company that underwrote Trump's $175M appeal bond needs major vetting, NY says. Judge Arthur Engoron, who presided over Trump's civil fraud trial, gets final say over the bond. AdvertisementThe New York Attorney General's Office wants a closer look at Donald Trump's $175 million appeal bond. In a two-page court filing Thursday, state officials are giving Trump or his underwriters — the Knight Specialty Insurance Company — ten days to "justify," or prove the sufficiency of, the bond. Justifying was not necessary, for example, when Trump used insurance giant Chubb to post a $92 million bond last month for his E. Jean Carroll defamation appeal.

Persons: Arthur Engoron, —, General's, Donald Trump's, Letitia James, Knight, Don Hankey, Forbes, Trump, Chubb, Jean Carroll Organizations: Service, New York, Trump, Knight Specialty Insurance, New York's Department of Financial Services, GOP, Trump Organization, Associated Press, Knight Locations: Los Angeles, New York, New, Angeles, Manhattan

☆ Active bond funds outperformed their passive peers in 2023, Morningstar says. These are top performers
▼ + stars: | 2024-03-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Overall, actively managed mutual funds and exchange-traded funds fell short of passive funds, with 47% of active strategies surviving and beating their index-following peers, according to Morningstar. However, actively managed funds outperformed in the bond category. About 53% of active bond managers survived and beat the passive average in 2023, up from 30% in 2022, the research firm said in a recent report . Intermediate core bond funds largely invest in investment-grade debt, spanning from government issues to corporates. Core bond funds have also held up in recessions, thanks to their diversification across fixed income and duration.

Persons: Morningstar, Paul Olmsted, Olmsted, Olmstead, It's Organizations: Morningstar, Vanguard, Bond Market, Aggregate Bond, Intermediate Bond Fund

☆ These surprise sources of income could cost you during tax season
▼ + stars: | 2024-02-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors are celebrating a year of easy-to-obtain interest income, but the Tax Man will want his slice this spring. Institutions report interest income of $10 or more to their customers and the Internal Revenue Service on Form 1099-INT . For instance, you can be on the hook for an accuracy-related penalty of 20% of the underpayment of the tax. Interest income from these I bonds is subject to federal income tax, but investors don't receive it until they redeem the bond or it matures. "It might be worth it to buy the MLP and pay the tax," Kearns said.

Persons: Elizabeth Buffardi, Buffardi, you'll, Jerrod Pearce, Adam Markowitz, Brian Kearns, Kearns Organizations: Internal Revenue Service, IRS, CPA, Creative Planning, Luminary, CFP, Haddam, Advisors, MLP Locations: Oak Brook , Illinois, Overland Park , Kansas, Windermere , Florida, Evanston , Illinois

☆ Here’s what you should know about adding emerging markets bond exposure to your portfolio
▼ + stars: | 2024-02-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

It may be time to consider adding emerging markets bonds to your fixed-income portfolio. His Vanguard Emerging Markets Bond Fund (VEGBX) is rated five stars by Morningstar. BlackRock also likes emerging markets, specifically external currency debt. Often issued in U.S. dollars, hard currency EM debt is also cushioned from EM currency weakness as EM central banks cut rates," she wrote. He suggests working with an advisor if you want to add EM bonds to your portfolio.

Persons: shying, Daniel Shaykevich, Morningstar, you'd, Shaykevich, Wei Li, Vanguard's Shaykevich, It's Organizations: Vanguard, Emerging Markets Bond Fund, BlackRock, U.S, BlackRock Investment Locations: Treasurys, America, Mexico, Brazil, Saudi Arabia

☆ Average 60/40 portfolio has best month in November since 1991 - BofA
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. A typical 60/40 portfolio - one that holds 60% in stocks and 40% in bonds - would have returned 9.6% in November, the most since December 1991, which saw the dissolution of the USSR, BofA said. They cautioned though: "pull backs follow monster months" and such a portfolio lost 3.2% in the first quarter of 1992. (.MIWD00000PUS)The yield on the benchmark 10-year U.S. Treasury note fell 52 basis points in the month, its most since 2011. A bond's yield moves inversely to its price.

Persons: Rick Wilking, BofA, Alun John, Amanda Cooper, Sharon Singleton Organizations: REUTERS, Bank of America Global, Treasury, Thomson Locations: Westminster , Colorado, USSR

☆ New ECB rating agency Scope puts greater weight on euro zone protection mechanisms
▼ + stars: | 2023-11-27 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

While the euro zone has pledged to do "whatever it takes" and jointly issued debt for the first time during the pandemic, its debt load remains eye-watering. Scope assigns Italy a "stable" outlook, but "risks remain", Shen said, "given the weak growth and fiscal outlook". Reuters GraphicsNEXT CRISISThe ECB uses the best rating available from its approved agencies to determine a bond's collateral value when commercial banks borrow from it. Last week's Dutch election win by the far-right Geert Wilders could also have rating implications, Shen said. "Governance risks are a challenge in the longer run for one of the world’s remaining AAA-rated sovereigns...But the rating is not imminently at risk."

Persons: Yorgos, Moody's, Dennis Shen, Fitch, DBRS Morningstar, Shen, DBRS, bode, Geert Wilders, Marc Jones, Kirsten Donovan Organizations: REUTERS, Companies, AAA, European Central Bank, Reuters, Reuters Graphics NEXT, ECB, Thomson Locations: Athens, Italy, France, Berlin, U.S, Greece, Spain, Portugal, Cyprus, Rome, Canada, Dutch

☆ These bond funds are among the top performers in 2023 – Here’s what investors should do next
▼ + stars: | 2023-11-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Risk-taking investors also fared well in high-yield bonds, as the fund category generated a 2023 total return of 6.98% through Friday. Big performers in that category include the Pacific Income Advisors High Yield (MACS) Fund (PIAMX) for investors with managed accounts. The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) was also among the strongest performers in the fund category. See below for a list of top performing high yield bond funds, according to Morningstar Direct. "I think these historically high yields have offered attractive entry points for high quality," said Murphy.

Persons: It's, Morningstar, it's, Thomas Murphy, Rowe, Murphy Organizations: Treasury, U.S, Morningstar, Morningstar . Bank, SEC, Pacific Income, PIAMX, Morningstar Direct Locations: U.S

☆ Closed-end funds can generate income – and they’re cheap. Here’s how they might fit in your portfolio
▼ + stars: | 2023-11-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Closed-end funds offer a fixed number of shares, but they also trade publicly on exchanges. Right now, a confluence of events is resulting in some sharp discounts for closed-end funds, especially for those that hold bonds. Investors in closed-end funds have shed some of those holdings and that's resulting in sharper discounts to net asset value. Closed-end fund plays Financial advisors have called out closed-end funds holding municipal bonds as a way to add duration on the cheap. Closed-end funds offer other ways to pick up income: Paul Winter, CFP and portfolio manager at Five Seasons Financial Planning, likes funds that use buy-write strategies.

Persons: Dave Lamb, Lamb, Jeffrey Gundlach, Robert Finley, Paul Winter, BOE, Nuveen's Lamb Organizations: Treasury, Western Asset, Muni Fund, Asset Management, Five, Virtus, Strategy, BlackRock Locations: New York, York

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