BDC Fixed Income prices continue to enjoy an Indian Summer price-wise, but there are very few news developments to discuss. Prices are not expected to change much in the near future but the news flow should.
This week, interest rates changed course, affecting pricing in the BDC Fixed Income sector, but not too much yet. Otherwise, there were no other developments this week but that could change in the rest of 2019 and – possibly – provide insights into what the future of the BDC Fixed Income segment might look like.
The BDC Fixed Income prices moved upward in the week, but there are still a couple of sore spots, which we discuss. Also, a BDC gets an investment grade nod and the BDC Reporter discusses what the rest of the year might look like in pricing terms.
As the risk free yield continues to drop, BDC Fixed Income prices moved up, but only slightly. We also discuss the latest unsung development over at Medley Management and predict what the rest of 2019 might bring in term of prices and new activity.
The BDC Fixed Income market zigged as the risk free rate zagged; a Term Preferred was redeemed and we discuss who will be next and how all that capital going out the door might return later.
We discuss a record-breaking week for BDC Fixed Income and the continuing shift in who’s financing the BDC unsecured debt pile.
The BDC Fixed Income segment had another good week, with one notable exception where Medley Capital is concerned. We explain why the troubled BDC – and its debt holders – are not out of the woods yet.
The risk free rate hits a new low but BDC Fixed Income prices remain unmoved. We discuss market prices; credit ratings past and future and close with a three year chart.
In a routine week for BDC Fixed Income prices, there were two major developments worthy of attention.
BDC Fixed Income prices are unchanged and no new public issues have come to market. Nonetheless, two privately placed debt issues that occurred in the week are a lead-in to a broader discussion of BDC Fixed Income risk and opportunity.
Price changes in the BDC Fixed Income sector were consistent with expectations and prior periods. However, there was one unexpected development at the end of the week that might portend a major change in the size of the BDC publicly traded unsecured debt sector.
There may have been a sea change in the direction of rates late in the week, but BDC Fixed Income prices did not follow in the holiday shortened week. Otherwise, the only news worth discussing came out of Medley Capital. However, another BDC might be about to launch a new unsecured debt issue…
Record low interest rates – and the promise of more to come – boosted up BDC Fixed Income prices. With a couple of exceptions…We also review the latest Baby Bond and speculate about what comes next.
The median BDC Fixed Income price drops slightly but investor enthusiasm remains high. We look forward to how Fed actions might affect prices in the very short term. Also, a new Baby Bond becomes the 43rd BDC public debt issued.
Another solid week for BDC Fixed Income but change is afoot thanks to the shift in future interest rate expectations. We parse the possibilities for the BDC sector and its debt investors.
As the risk-free rate drops to new lows, existing BDC debt holders are not benefiting. In fact, we worry about what the week ahead – if the current trends continue – might bring. We also update BDC Fixed Income news and the Fixed Income Table.
As risk-free rates drop, BDC Fixed Income does not act as one might have expected. Plus, Medley Capital’s debt slumps.
With little happening to BDC Fixed Income, we mull over what might go wrong at Medley Capital that could be instructive for all debt holders.
The BDC Fixed Income market reaches a new notable level. However, the market faces a historic default for the first time…
BDC Fixed Income reaches a notable milestone. Plus, we discuss a bifurcated debt issuance market.
