BDC Fixed Income prices zigged when common stock prices zagged this week. We explain how but can’t help sharing our doubts with readers about a quarter of the public BDC universe and what that might mean for their debt prices down the road.
BDC sector prices offer mixed messages even as the S&P ekes out a win. We also discuss a disconcerting increase in bankruptcies and the newest public BDC.
The BDC Fixed Income sector was not to be left out of the general price reflation that occurred across all markets in the week ended June 5. Is the market about to “get back to normal” ? We consider the evidence and note a major omission.
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.
BDC Fixed Income prices break through to a new level this week. The recovery, though, is incomplete even if the first BDC earnings results were auspicious.
The BDC sector did not move much overall from a price standpoint for a third week in a row and despite the beginning of earnings season. Big uncertainties,though, remain which the BDC Reporter discusses.
Oxford Square Capital kicks off BDC earnings season with a 35% drop in book value and a possible dividend suspension in the future. We review the numbers, the liquidity and the outlook.
BDC Fixed Income – like common stocks – have a better week price-wise, but there are still strains. Investors look forward to BDC earnings season and what that might mean for fixed income prices and outlook, with three funds in the docket.
With BDC earnings season around the corner, the sector’s prices stabilized but individual BDCs remained highly volatile both up and down. The BDC Reporter discusses the upcoming earnings and portfolio releases and their importance in the short and longer term in what looks like a critical year in the history of the sector.
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 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.
After the worst week for BDC prices in nearly ten years, the BDC Reporter summarizes what happened and what might be coming next. Not for the faint of heart but necessary reading.
The BDC Credit Reporter has identified the new non accruing portfolio company on Oxford Square Capital’s books now the 10-K has been published. The BDC Reporter republishes the article and assesses the impact on the BDC.
The BDC Reporter provides commentary to Oxford Square Capital’s IVQ 2019 earnings call transcript in what was another difficult quarter for the CLO-heavy BDC.