The blue line in the chart represents the current dividend yield of the *VanEck BDC Income ETF (BIZD), has reached a five-year high of 13.4% on 13 March. BIZD tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market businesses that tend to be below investment grade or not rated, with most lending comprising of senior secured loans). The brown line displays the BofA Merrill Lynch US High Yield (currently at 7.2% as of 13 March, down from its one-year peak of 8.5% on 7 April 2025), which tracks the performance of USD denominated below investment grade corporate debt publicly issued in the US.
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