Welcome to the November edition of the Easy Income Portfolio Review—our steady hand amid the noise, focused on what actually puts cash in the account each month. While markets remain obsessed with every tick in the ten-year yield and every whisper about rate cuts, our corner of the world kept doing what it was built to do: generate dependable income with the right mix of discipline, credit awareness, and selective contrarianism.
Private credit and the business development companies once again reminded the market that boring can be beautiful. Prices drifted sideways while the rest of Wall Street tried to figure out if the Fed was serious about "higher for longer." Meanwhile, the BDCs kept throwing off 10–12% yields with solid coverage and stable NAVs.
