The Fed-Backed Junk Bond Fund with an Amazing 13% Yield

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The PIMCO Dynamic Income Fund (PDI), a high-yield corporate-bond fund, offers a 13.8% yield, growing dividends, and regular special payouts. PDI has seen significant gains in recent months, disproving the perception of junk bonds as risky investments. The SPDR Bloomberg High-Yield Bond ETF has risen over 10% in five months, with PDI showing a 30%+ gain in the same period. The Fed's intervention during crises has stabilized default rates and increased confidence in junk bonds. The $2 trillion junk-bond market now comprises about 20% of the total corporate-bond market. PDI stands out for its investment strategy in credit assets correlated with junk bonds, special dividends, and a history of growing payouts. With the support of the Fed and a strong market environment, junk bonds have become a favorable option for income generation and capital gains.

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