This ‘BlackRock Indicator’ Is Our Key To A $7-Trillion Cash Wave

We’re in a weird time where interest rates are at (or at least near) a peak—but most people haven’t realized it yet. When they finally come around, one group of closed-end funds (CEFs) is likely to soar (and pay us double-digit dividends, too).

I’m talking about bond funds, and the “double-digit dividends” part is already well underway, with yields on some corporate-bond CEFs breaking over 12%. (An added bonus: most bond CEFs pay dividends monthly, too.)