PIMCO Update June 2022| Borrowing And NAVs Still Falling
Summary
Coverage fell in June but still remains very high for the PIMCO taxables. No concerns regarding distributions should be had at this point.
But remember, falling NAVs and distributions are NOT related until they enter a forced deleveraging environment causing net investment income to collapse.
Right now, PIMCO funds are highly leveraged and skirtin…
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