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Interest rates have pushed up a little in the last 24 hours as the FED FOMC minutes show they are likely to push rates higher in the months ahead.  Rates creeping higher is fine with us–but lets skip the 20 basis point jumps in a few days—let’s do 1…

Our sleuth Eugene has noted that the Conifer Holdings (NASDAQ:CNFR) 6.75% baby bonds are now trading (or will be shortly). We have checked eTrade and the symbol (NASDAQ:CNFRL) is active, but it is not showing trading–Fidelity it not showing it active…

Dynagas LNG (NYSE:DLNG) has priced their new preferred units with an initial coupon of 8.75% which will be applied until 2023. After this point in time the coupon will float at a rate of 3 month Libor plus a spread of 5.593%. The company is selling 2.2…

So last week the ‘world was ending’ and today apparently it was a ‘just kidding’ moment. To us there is still something wrong with these markets–the DJIA is up almost 500 points and the 10 year treasury yield is off a basis point.  This after a JOLTS…

Smaller MLP Dynagas LNG will be selling a new issue of fixed-to-floating rate preferred units.  The company is a shipping company which only owns LNG carriers (6 at the current time). Of course details are not yet known, but the fixed rate will remain…

Closed end fund Priority Income Fund is selling a new term preferred. A few details of the new issue have been released and the issue will have a mandatory redemption in 2023 and they will sell 1 million shares. The company has another term preferred i…

Stock market investors got a wild ride last week with the DJIA trading in a range of 24,900 to 26,540, but closing the week off the lows at 25,340   Interest rates traded in a range of 3.13 to 3.24% and closed the week at 3.14%.   We should see flattis…

While futures on the DJIA are up over 300 points this morning we would not be surprised to see them end the day negative–BUT we hope to see a pause in the drop giving everyone a chance to ‘regroup’ mentally. While we are not affected much by equity av…

BDC OFS Capital (NASDAQ:OFS) has priced their new issue of baby bonds with a coupon of 6.50%. The issue has a maturity date of 10/31/2025 with an early redemption available starting on 10/31/2020. The pricing term sheet can be found here. The issue wil…

Smaller Business Development Company OFS Capital (NASDAQ:OFS) has announced a new issuance of baby bonds with a maturity date of 2025. No details of the issue are known at this time–but will be known by tomorrow. The preliminary prospectus can be read…

NOTE–the CPI has been announced today with a soft number of .1% increase versus an expected .2%.  This should be of some help to interest rates for today and tomorrow. Again we will be out of the office 50% of the day today and will miss the excitemen…

So we were looking for stability in the interest rate area yesterday and we got it as the 10 year treasury is unchanged today.  Of course with the DJIA average down 400 right now you would expect interest rates to drop a bit. Yesterday we personally sa…