TimAbramowitz Business development companies (BIZD) have been on a great run since early 2022 when the Federal Reserve began hiking interest rates. During that period, they have significantly outperformed other high-yield sectors, such as REITs (VNQ), by a wide margin. Data by YCharts This makes sense because the economy was on surprisingly strong footing and short-term interest rates were rising, both of which are strong tailwinds for BDCs. They tend to lend to riskier middle-market businesses with flo ...