BDC Basket vs High Yield (60d)
L2 — Indicators+2.76pp equal-weight 6-BDC basket vs HYG over 2026-05-22 → 2026-07-22 (adjusted closes) — BDCs tracking public credit — no divergence
What it measures: Equal-weight six-BDC basket minus HYG trailing 60-day total return (adjusted closes) — the market repricing private lenders faster than public credit
Threshold: > -2pp = in line | -2 to -5pp = BDCs lagging | < -5pp = private-lender stress
Current interpretation: +2.76pp equal-weight 6-BDC basket vs HYG over 2026-05-22 → 2026-07-22 (adjusted closes) — BDCs tracking public credit — no divergence
Full methodology for this signal is forthcoming — the write-up has not yet been published. The live reading above comes directly from the signal engine.
How it works
This signal's mechanism doesn't reduce to a standard diagram — read the methodology below for how it's constructed.
The history
Historical series being assembled — this signal has no archived daily series yet. The chart renders automatically once 60 observations exist; the live reading above is current either way.
Educational content. Not investment advice; past patterns do not guarantee future results. Signals identify regime environments, not exact timing or magnitude.