Primary market cools down, dividend recaps on the rise – DebtDynamics NorthAm Institutional leveraged loan issuance dropped to USD 55bn in October, down 42% from USD 96bn in September. This decline followed a period of strong activity in the third quarter that marked a rebound from a subdued 2Q25 caused by US tariff announcements in April….
The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.3% as of 21 November, close to its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to…
High-yield bond market roars in September with all-time high volumes – DebtDynamics NorthAm High-yield (HY) bond issuance in September rose to the highest volume on record, according to Debtwire data. The USD 55bn issued more than doubled August’s USD 26.7bn total and was 39% more than September 2024. The last time HY bond volumes were close to…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.1% as of 7 November, versus its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…
Direct lending stability and resilience shine in times of leveraged loan market collapse – DebtDynamics NorthAm Direct lending showed notable resilience in 2Q25, while loan market volumes collapsed amid heightened volatility and a broader economic slowdown triggered by US tariffs. Volumes not only held steady but increased by 4% in 2Q25, rising to USD 74.5bn…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12% as of 24 October, versus its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business development…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 12.6% as of 9 October, close to its five-year peak of 12.8% on 8 April) that tracks the overall performance of publicly traded business…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.8% as of 26 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.2% as of 12 September) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 28 August) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses…