BDC Pricing & Market Update
Summary
BDCs prices have continued to rally and I'm expecting the average BDC yield to approach 8.5% over the next 6 to 12 months.
This means that there is still some upside left to current BDC prices as the average yield is now around 9.0%.
The 'US Corporate CCC & Lower Index’ is true junk debt and lower quality relative to most BDCs and currently yieldin…