It’s Just Not Adding Up

A notable disconnect continues to exist in capital markets since the end of the financial crisis back in early 2009. The stock market has continuously levitated and stands once again on the brink of breaking out to a new all-time high.

BDC Leverage And Baby Bonds: Part 1

As discussed in “Baby Bonds For BDCs: Set To Rise?”, I am expanding my coverage of business development companies (“BDCs”) to include Baby Bonds (also known as exchange-traded debt) for investors that would like to limit the amount of pricing volatility and overall risk in exchange for lower yields.