BDC Sector Weekly Update: Continued Rally Heading To Overbought

Subscriber Update

• March did not provide the pullback that I was expecting and BDCs continue to rally toward overbought levels, as discussed below.

• I would suggest holding off on making larger purchases, which is why I will focus on BDC Notes yielding 4% to 5% due to improved pricing.

• Last week, the average BDC was higher by an average of 1.3% easily outper…