The first week of BDC earnings season maintains the BDC rally. The BDC Reporter looks both at the sector’s short and long term prospects, while offering up all sorts of numbers you won’t find anywhere else.
A quiet week, both in terms of price changes and news developments, in BDC Fixed Income. Looking around the corner, we speculate as to whether the universe of publicly traded unsecured BDC debt gets bigger or smaller.
The BDC sector has a very good week almost across the board, despite few developments as investors jockey for position before earnings season. We discuss at length one factor that could prolong the rally and briefly (teasingly ?) mention another.
A bounce back in BDC Fixed Income prices during a short week. Otherwise, we learn what we can from Prospect Capital’s latest debt offerings and review likely early debt redemptions. (This is the full version of the article. An earlier version was truncated by pixies for reasons unknown).
BDC Fixed Income prices do nothing very surprising on the week. However, the BDC Reporter is startled by Prospect Capital’s newest Baby Bond offering and its implications for the BDC debt market more generally.
BDC Fixed Income prices are modestly higher. More importantly, the landscape for unsecured BDC debt changes before our very eyes.
BDC Fixed Income prices did not move much on the week, but the outlook for the entire sector for years to come shifted dramatically.
A watershed week for the BDC Sector, but not for the usual reasons.
BDC Fixed Income prices are going nowhere but are the number of issues in the segment poised to boom ? We give two reasons why that might be the case.
BDC Fixed Income dips in a week with monumental rules changes. We take a look and speculate about what the future might hold.
Hercules Capital suggests higher interest rates means higher earnings and has an illustrating chart. Not so fast, we say.
Another Week To Forget for BDC common stocks, but is worse to come ? We continue to place the market meltdown in context.