Scott Bessent's Treasury Appointment Sparks Market Optimism
Scott Bessent's likely appointment as Treasury Secretary is expected to boost financial deregulation and lending, benefiting private equity and business development companies (BDCs). This environment is favorable for BDCs like the VanEck BDC Income ETF (BIZD), which offers an 11% yield. Bessent's policies may lead to increased M&A activity and sticky inflation, challenging bond investors but creating opportunities for BDCs to thrive.