Posted August 31, 2026 by Ben Carlson
Today’s Talk Your Book is brought to you by Federated Hermes:
On today’s show, we discuss:
- The 30 year Treasury breaking out to highs not seen since 2007
- The case for moving out the curve to capture higher yield potential
- Using option call spreads and return of capital for tax-efficient income potential
- How PAYR uses options on a high dividend yield portfolio to generate income potential
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https://podcasts.thecompoundnews.com/show/animalspirits/
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Before investing, carefully consider the fund’s investment objectives, risks, charges, and expenses. Read this and more information in the Prospectus or Summary Prospectus at FederatedHermes.com.
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Investments are subject to risk and may lose value.
Views are for informational purposes only and do not constitute tax or investment advice.
Federated Hermes Enhanced Income Fund (PAYR) seeks to distribute current monthly income. Distributions may vary widely and may not be paid every month.
ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units.
Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. NAVs are calculated using prices as of the end of regular trading on the New York Stock Exchange (normally 4:00pm Eastern Time).
Recent information, including information about the fund’s NAV, market price, premiums and discounts, and bid-ask spreads, is included on the fund’s website at FederatedHermes.com/us.
A rise in interest rates can cause a decline in bond prices.
There are no guarantees that dividend-paying stocks will continue to pay dividends and they may not have the same capital appreciation potential as other stocks.
A return of capital distribution will reduce the shareholder’s cost basis and result in a higher capital gain or lower capital loss when fund shares are sold.
Investing in options involves risks different from, or possibly greater than investing in traditional investments.
Stocks may decline in value because of an increase in interest rates or changes in the market.
The yield curve compares yields according to maturity. Treasury yields are quoted for illustrative purposes only.
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.
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