Senior floating rate and high yield fixed income strategies are typically considered attractive options for investors seeking income and protection in rising rate environments. In this CEF Insights Podcast Episode, First Trust Managing Director of Fixed Income and Senior Portfolio Manager William Housey discusses opportunities within these asset classes, the impact of a possible recession in 2023, and more views on the current market. First Trust is a leading investment management firm offering a variety of advisory services and investment products, including diversified, closed-end funds. Its First Trust Senior Floating Rate Income Fund II, ticker FCT, and First Trust High Yield Opportunities 2027 Term Fund, ticker FTHY, seek to offer current income, and focus on senior loans and high yield bonds, respectively.