porcorex The BDC market has recently been subject to elevated volatility stemming from increased corporate distress levels and, importantly, the Fed moving closer to interest rate cut decisions. In theory and to a large extent in practice as well, lower interest rates make it more difficult for BDCs to capture enticing spreads. The chart below depicts these volatility levels very well, where we can see how a sharp correction was recognized in the Q2 earnings period, when many BDCs started to publish reports ...