PIMCO CEF Update | March 2021
Summary
UNII levels among the taxable funds did improve along with coverage ratios. But that was largely due to currency movement and higher effective yields.
We think that will reverse in April as currency takes a hit and the BofA HY Effective yield has fallen to new lows.
We still like PIMCO High Income (PHK), PIMCO Strategic Income (RCS), and the PIMCO …
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