Policies of the Federal Reserve in recent years contributed to the mercurial markets that dominated the fourth quarter, Golub Capital BDC (GBDC) chief executive David Golub said on Thursday’s fourth-calendar-quarter earnings call.
“We think there is a stronger case for interpreting the recent volatility [as] another tantrum”, similar to the topsy-turvy markets in June and July, rather than a turn in the credit cycle, Golub said.
