Discount pool
Definition
The number of securities with an Income Quality Score of 7 or higher that trade below par, or below net asset value for a BDC or a preferred ETF. The Sunday digest reports it each week as a measure of breadth: a wide pool means quality is cheap, a narrow one means it is not.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.