NYSE : BKT
-$0.09 (-0.87%)
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BKT: With A Resurgent Inflation Picture, Leveraged Duration Is Not Attractive (Rating Downgrade)
BlackRock Income Trust is downgraded to 'Sell' due to a deteriorating macro backdrop for leveraged MBS CEFs. BKT's 6.4-year duration and 25% leverage expose it to rising intermediate rates, with no rate cuts priced for 2026. The fund's 10% distribution is unsustainable, relying on excessive return of capital and eroding NAV. seekingalpha.com - 2026-05-14 12:22:48 |