Home

Markets have gotten a lot of milage out of inflation numbers that were ‘not too hot’ and ‘not to cold’ and now the S&P500 is just 1-1.5% off of all time highs–quite remarkable given the circumstances. The old saying of ‘markets climb a wall of wor…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Ready Capital Corporation Announces New Share Repurchase Program SuRo Capital Corp. Fourth Q…

Markets parties pretty hard yesterday giving us some nice green to the portfolios—very nice given the number of red days we have seen lately as interest rates raced higher. It seems investors are a little giddy over a CPI number which represents 1 da…

Mortgage REIT Redwood Trust (RWT) has priced their new baby bond issue with a coupon of 9.125%. This is the company’s 3rd baby bond in the last year. Their current outstanding 9.125% baby bond (RWTN) is currently trading at $25.27. The pricing term she…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Compass Diversified Holdings Announces Amendment of its Management Services Agreement Capital…

Once again mortgage REIT Redwood Trust (RWT) is coming to market with a new issuance of baby bonds. This will be the 3rd issuance by this company in 1 year. Previous issues were sold on 1/17/2024 and 6/13/2024 with 9.125% and 9% respectively. The compa…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Until earnings season (2nd half of January) arrives news may be relatively sparse. RLJ Lodgin…

We got the number that we were hoping for–at least I did. A producer price index that was either on target or maybe a little cooler than forecast. It helped equities and interest rates for an hour or two–but now equities are red and nearly 1% off the…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Until earnings season (2nd half of January) arrives news may be relatively sparse. Assurant t…

Well equity markets are a bit ‘goosy’ today–can’t decide and what they are believing–are interest rates going higher or are they going to drift back down. Almost unquestionably they are awaiting news on the producer price index (PPI) tomorrow and the…

Are you ready for the week?? I don’t know if I am–but I guess it starts today so ready or not here we go. Last week we saw the S&P500 setback by around 2%–precipitated by strong employment numbers released on Friday. Interest rates were already e…

You all know already that the December jobs number came in way hot–I was fearful of that occurring. With an expectation of 155,000 new jobs markets are not taking kindly to 256,000 new jobs. Of course on one hand it is good news–lots of folks should…