BDC Fixed Income
Respite
The week ended October 12 2018 was dismal for BDC common stock investors.
Readers may not need our BDC Common Stocks Market Recap – published simultaneously with this article – to be alerted to the fact.
However, BDC Fixed Income – after enduring it’s own mini-meltdown the week before – perked up modestly on the week.
Of the 39 BDC debt issues that are actively trading (out of 40 in the universe), the median price came to $25.18.
On October 5, 2018, that equivalent median price was $25.09.
Moreover, the number of debt issues trading below par – pushed there by higher rates – dropped to 11 from 13.
Still, there were no issues trading over $26.00 – until just recently a frequent occurrence.
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