🦁   EFR: Should Be A Good Income Vehicle For The Rest Of This Year

Finance

The Eaton Vance Senior Floating-Rate Trust (NYSE:EFR) is a closed-end fund that income-seeking investors can purchase as a method of achieving their goals. As is the case with most closed-end funds that invest in floating-rate debt securities, this one has enjoyed a very impressive performance over the past two years or so. After all, floating-rate debt securities are one of the only forms of debt that does pretty well when interest rates increase. The comments that the Federal Open Market Committee made following the June meeting strongly suggest that the fund's stellar performance will continue for a while yet, as the dot plot points to a single interest rate cut this year:

seekingalpha.com     Jun 23, 2024