After a record week for BDC Fixed Income price drops, a reversal. We bring readers up to date on the ever changing numbers. Plus, we look ahead to what might happen under different scenarios, including the previously unthinkable.
The BDC sector reaches new lows not seen in over ten years but bounces part of the way back. Is the worse over ? The BDC Reporter argues that we’ve only just begun, and explains why.
The BDC Reporter describes the terrible, horrible, no good week just passed for the BDC sector, but cannot offer much in the way of immediate hope that we are at a turning point yet. As best we can, we look ahead as the extent of the damage to expect comes – very slowly – into focus. There are elegant solutions available here but will either the Federal government or Wall Street be up to the challenge.
The BDC Reporter re-publishes and annotates an important article in the financial press about an aspect of BDC liquidity in the coronavirus-era.
The BDC Reporter updates BDC Fixed Income prices after a week of huge – and uncharacteristic moves. We also look ahead to a week where more of the same seems to be in the cards.
In the first in a series, the BDC Reporter digs into the energy sector SIC code by SIC code to determine what current BDC exposure – in aggregate and by individual BDC – looks like at a time when there are grave doubts about the outlook. We start with SIC code 1382: Oil & Gas Explorers.
Another week of BDC Earnings Season and another week of a sector-wide price rally. We review the highlights of both, and add some context about longer term trends underway.
Prospect Capital had a rough IVQ 2019 where its results were concerned, with both earnings and book value dropping from the prior period. We delve into the details.
We review how BDC Fixed Income prices reacted to the latest “black swan” event, and how ever lower yields on new issues is bifurcating the debt market, with long term consequences for issuers and investors alike.
There was a slight – and we mean tiny – shift in BDC Fixed Income prices in the week ended January 17, 2020. Also, two BDCs were in the market issuing new debt: one for a very large and one for a very small amount, but both are instructive.
Here’s the final BDC Fixed Income Market Recap for 2019. Given that prices have barely budged this week, we principally look back at the highlights of the year.
The BDC Fixed Income market ends November in a familiar place, but multiple developments in the segment are likely to be on the way, some very soon.
We cannot tell a lie: the week ended November 1 was uneventful where BDC Fixed Income prices and news were concerned. We illustrate with numerous examples, and make some predictions for what to expect.
We review price developments and new issuance in the BDC Fixed Income segment for the week ended October 25, 2019.
We highlight current trends in the CLO market that might impact BDCs in the upcoming earnings season. We focus on 3 BDCs in particular.
