The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
BDC common stocks prices are (almost) universally on an upward tear for a third week, and we’ve got the supporting data. Nonetheless, there’s a confusing mismatch between the mood and the fundamentals which leaves the BDC Reporter puzzled.
The BDC sector dropped back again last week after a head fake the week before. We review the numbers and evaluate what we’ve been learning from the BDCs themselves all week and what remains unknown.
Lower interest rates across the board are continuing and impacting BDC Fixed Income in several ways, including price.
The BDC Reporter discusses three key issues to look out for when Solar Senior Capital reports its IIIQ 2019 results. Extracted from our exclusive – and exhaustive – BDC Earnings Preview Calendar.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
There was a paucity of news affecting the BDC sector in the week ended September but developments out of the SEC could change price dynamics.
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.
Another good week for the BDC Sector and most of its constituents, as the rally marches on. We discuss myriad metrics and look at the length of the runway.