BDC Weekly
BDC Weekly: The Bond Market Is Charging Rent Again
Higher yields can support BDC loan income and damage the borrowers paying it. The clocks do not move at the same speed.
Interest Rates
BDC Weekly
BDC Weekly: Treasury Buybacks Do Not Make Long Rates Harmless
Treasury moved to support long-end market liquidity, but the BDC lesson is not that rates are falling. Funding costs and borrower pressure still matter.
BDC Weekly
BDC Weekly: Income Held. Portfolio Growth Did Not.
The BDC income engine is still working. The harder question is whether lenders can replace repayments, protect NAV, and capture new financing demand without weakening underwriting.
BDC Weekly
BDC Weekly: The Rate Tailwind Has Split in Two
The Fed did not give markets a path. It gave them a fork. For BDC investors, the old higher-for-longer trade is splitting into two stories: income and credit.
BDC Weekly
BDC Weekly: The Cost of Money Is Back in Charge
The first Drift BDC Weekly: higher rates still support income, but the cost of money is now testing borrower quality, funding costs, dividend cushion, and trust.