emergencyBreaking NewsCapital One Shares Have a 38.3% Consensus UpsideBinance's UAE Civic Partnership Integrates the Exchange into National Economic StrategyCapital One replaces Spark Miles with Venture Business card offering $150 in annual creditsFinancial Advisors Fail to Ease Retiree Anxiety Over Federal Policy RiskPrediction Markets Drive 12% of Robinhood's Total RevenueCapital One Shares Have a 38.3% Consensus UpsideBinance's UAE Civic Partnership Integrates the Exchange into National Economic StrategyCapital One replaces Spark Miles with Venture Business card offering $150 in annual creditsFinancial Advisors Fail to Ease Retiree Anxiety Over Federal Policy RiskPrediction Markets Drive 12% of Robinhood's Total Revenue
DoiDoi
Credit & Lendingexpand_more
Credit CardsPersonal LoansStudent Loans
Markets & Investingexpand_more
Stocks & ETFsCrypto & BlockchainFed & Macro
Retirement & Benefitsexpand_more
401(k) & IRASocial SecurityRetirement Policy
Real Estateexpand_more
Mortgage RatesHousing Market
Financial Foundationexpand_more
Budgeting & SavingInsurance
Latest News
MarketsPortfolio
The Digital Ledger
Credit & Lending
Markets & Investing
Retirement & Benefits
Real Estate
Financial Foundation
Latest News
Dashboards

Institutional Financial Analysis

Home/Markets & Investing/FED INTEREST RATE DECISION

Gladstone Capital's 10% yield is sustained by loan book growth

SS

Sam St. James

Fed interest rate decision · Apr 14, 2026

Gladstone Capital's 10% yield is sustained by loan book growth

Source: DojiDoji Data Terminal

A monthly common distribution of $0.15 per share is currently covered by net investment income of $0.50 per share in the first quarter of 2026, a coverage ratio of 1.1 times. This distribution was reduced from $0.165 per share starting in the fourth quarter of 2025, a move driven by yield compression from Federal Reserve rate cuts in late 2025.

Related Brief1h ago
// a single string of 4 to 6 comma-separated terms that classify this article into the broader financial topics and themes. these are[][]

Kevin Warsh's Fed Chair nomination reveals a collision between political pressure and inflation data

Senate Banking Committee member Thom Tillis will block all Federal Reserve nominees, including Kevin Warsh, until the Justice Department investigation into Jerome Powell is concluding. The Justice Department is investigating Powell for claims he made about the Fed headquarters renovation during congressional testimony. Donald Trump nominated Warsh to replace Powell, who has faced criticism from Trump for not cutting interest rates more aggressively. Senate Banking Committee Chairman Tim Scott announced a confirmation hearing for Warsh next week. The process is the same as the outcome remains uncertain because Senator Tillis will only vote 'yes' on Warsh if the Justice Department wraps up its investigation in the next several weeks.

Gladstone Capital's portfolio is predominantly floating-rate, causing the weighted average yield on its interest-bearing portfolio to compress from 13.9% in Q4 2024 to 12.2% in Q1 2026. To stabilize per-share income, the company increased its weighted average principal balance from $647.2 million in Q3 2025 to $772.3 million in Q1 2026.

Related Brief2h ago
inflation

Wholesale price surge signals a shift toward higher Federal Reserve interest rates

Some Federal Reserve policymakers are now inclined to raise interest rates as higher energy costs increase the inflation threat. This shift follows a 0.5% rise in the U.S. producer price index from February, with year-over-year gains reaching 4% as of March 2025. Energy prices surged 8.5% from February. The price increases were driven by attacks on energy infrastructure and the shutdown of the Strait of Hormuz during the war in Iran.

Net investment income per share held at $0.50 in Q1 2026, covering the $0.45 quarterly common distribution.

Related Brief6h ago
fixed income

The 5/30 Treasury yield curve has room to steepen as rate cuts fade and deficit fears rise

U.S. rate futures now price in only 6 basis points of cuts in 2026 and 15 basis points by late July 2025. That’s a sharp reversal from the 55 basis points of cuts expected before the war in the Middle East began, leaving investors focused less on near-term policy shifts and more on structural pressures building in the long end of the Treasury market. Front-end yields remain anchored as the Federal Reserve shows no inclination to hike, and the outlook still favors eventual rate cuts—driven by underlying labor market weakness and slowing growth from higher oil prices. But the long end is under pressure. Inflation expectations are rising, with Brent crude forecast to average $96 a barrel this year, and the Pentagon is seeking over $200 billion in supplemental funding for the Iran conflict—on top of a $900 billion base defense budget for fiscal year 2026. That surge in government borrowing amplifies deficit concerns, pushing long-dated yields higher as investors demand greater compensation for holding 30-year debt. The spread between five-year and 30-year Treasury yields was 96.9 basis points on Monday, up from 82 during the conflict’s peak but still below the pre-war 114 basis points. With front-end yields capped by easing expectations and the long end exposed to fiscal and inflation risks, the 5/30 yield curve has the most room to steepen.

Fed interest rate decision

The Ledger Morning

The essential intelligence to start your trading day. Delivered 6:00 AM EST.

Join 50,000+ professionals who start their day with The Digital Ledger.

No spam. Unsubscribe anytime.

Read More Analysis

Social Security cut

Financial Advisors Fail to Ease Retiree Anxiety Over Federal Policy Risk

Thirty-three percent of near-retirees and retirees have shifted to more conservative investments, and 21% of those still…

Capital One credit card

Capital One Venture Business rebrands Spark Miles with added credits

Business owners pay a $95 annual fee for the Venture Business card, which earns unlimited 2x miles on all purchases and …

DoiDoi

© 2026 DojiDoji. All rights reserved.

EditorialEditorial GuidelinesCorrections
LegalPrivacy PolicyTerms of Service
DisclosureSEC DisclosuresAd Choice
SocialX (Twitter)LinkedIn