BGT: Floating Rate Loans CEF Under Pressure (NYSE:BGT)

Group 1 - The article discusses the BlackRock Floating Rate Income Trust (NYSE: BGT) and its performance in relation to the Federal Reserve's interest rate cuts [1] - The previous coverage of the trust indicated a downgrade to 'Hold' status prior to the first Fed rate cut in 2024, suggesting a cautious outlook [1] - The focus of Binary Tree Analytics (BTA) is on providing transparency and analytics for capital markets instruments, particularly in closed-end funds (CEFs), exchange-traded funds (ETFs), and special situations [1]