3 Bond CEFs: Defense That Pays Up To 10.2%

Although some tariff hikes have been paused, a recession is still very much in play.

A variety of debt would benefit if Treasury Secretary Scott Bessent’s campaign to flatten long rates is successful. And we can get the most bang for our buck via closed-end funds (CEFs), which not only deliver much more yield—like the 8.9%-10.7% paydays I’ll highlight today—than comparable exchange-traded funds (ETFs), but can trade at a discount to their net asset value (NAV), meaning we can buy those bonds for less than they’re actually worth.

This post originally appeared at Contrarian Outlook.