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Western Asset Premier Bond Fund
WEAFinancial ServicesNYSEUS
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NEW YORK--(BUSINESS WIRE)--Category: Financials.
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset Premier Bond Fund (NYSE: WEA - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $11.05 and traded as low as $10.40. Western Asset Premier Bond Fund shares last traded at $10.5910, with a volume
Western Asset Premier Bond Fund now trades at a -6.45% discount, offering a more attractive entry point. WEA's 7.83% yield is supported by a diversified, investment-grade-tilted portfolio, with 65% in BBB and above. Distribution coverage is a bit lacking, but nothing out of the ordinary relative to other fixed-income funds; plus, NII moving higher is expected as Fed rate cuts reduce leverage costs.
