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PIMCO August 2023 Report | Valuations Come Back Down But Still Not Compelling
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PIMCO August 2023 Report | Valuations Come Back Down But Still Not Compelling

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Yield Hunting
Aug 28, 2023
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PIMCO August 2023 Report | Valuations Come Back Down But Still Not Compelling
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Summary

  • PIMCO taxables have stagnant coverage levels and face potential distribution cuts, making them risky investments.

  • PDI and PAXS have seen a decline in price, bringing them closer to fair value, but NAV downtrends and low coverage pose additional risks.

  • PIMCO muni CEF coverage remains weak and UNII levels are falling, indicating potential distributio…

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