Just a month ago, UBS introduced the first ETP focusing on Business Development Companies.  Now they are upping the ante with a leveraged version.  The UBS ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN (BDCL) began trading 5/25/11, will reset its leverage monthly, and will pay a quarterly coupon. The underlying index of 26 BDCs (Business Development Companies) has a current annual yield of 7.8%.  The leveraged yield for BDCL is projected to be 14.6%, net of estimated annual expenses of 1.11% (tracking and financing fees).  This makes BDCL the highest-yielding coupon-paying ETP on the market, taking the title away from UBS ETRACS 2x Leveraged Long Alerian MLP Infrastructure Index ETN (MLPL), which currently sports a yield . . . → Read More: Leveraged BDC ETN With 14.6% Yield Launched