HYI Stock Recent News

Leveraged closed-end funds are facing headwinds of rising costs associated with leverage in a higher interest rate environment. The Western Asset High Yield Defined Opportunity Fund offers exposure to a high-yield bond portfolio with an attractive discount while being a term fund. HYI's income has been growing with rising yields, and the fund recently increased its distribution, making it a potentially attractive investment.

HYI is a fixed-income closed-end fund. What makes HYI stand out is its term structure, with the fund set to terminate on or about September 30, 2025.

HYI is a non-leveraged fund that operates in the high-yield space. During times of volatility and higher interest rates, no leverage can be a benefit.