fxstreet

#FXStreet $SOL

_A higher coupon is survivable; a refinancing is not_ ❌

📊 Seven of the largest publicly traded business development companies (BDCs) state in their June quarter filings what a rise in the base rate is worth to them. Across the seven, 100 basis points adds $677.1 million of annualised interest and dividend income and $367.2 million of net income.

🇺🇸 The Federal Open Market Committee (FOMC) meets on September 15 and 16, and the curve carries more than one of those over the next year.

💸 None of it is new money. It comes out of companies that, on the most-cited measure of their health, are already not generating any.

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https://fxstreet.page.link/u22JzHKNt8pyRwFX6