PIMCO CEF Premiums Plummet Due To Private Credit Paranoia
PIMCO's closed-end funds (CEFs) have experienced a significant decline in premiums due to growing concerns over private credit. The PAXS fund is now trading at a discount, reflecting investor apprehension. This trend highlights the broader market anxiety surrounding private credit investments.
- ▪PIMCO taxable CEFs fell as premiums to NAV dropped.
- ▪The PAXS fund is currently at a discount.
- ▪Investor fears regarding private credit are impacting fund performance.
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