This term preferred (XFLT-A) will give 6.50% for the next year before mandatory redemption in March, 2026. I hold an overweight position in this issue. It has traded steady as a rock for quite a while as we move closer to the redemption date. XAI Octag…
We have almost daily chaotic events in the government and interest rates which are pretty stubborn about coming down–YET equities are still near record highs. The S&P500 closed yesterday 6115–against a record close of 6128. Crazy strength given t…
Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. The 30-Year Fixed-Rate Mortgage Continues to Decrease Sale of LNGC Golar Arctic Marks Golar’s…
Interest rates are tumbling this morning by 10 basis points in spite of a producer price index (PPI) that came in warmer than expected. I don’t personally see the reason for the tumble–but lower is always better for us income investors. Not planning t…
Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2024 and the Decl…
Preferreds, including perpetuals, are down a little this morning–but we are talking nickels and dimes. With the 10 year treasury still up 9 basis points at 4.62% it could have been much worse–part of the damage has been mitigated by the S&P500 fi…
This will be a wild ride today as the consumer price index comes in very hot with almost all numbers above forecast. The 10 year is at 4.63% right now which is 9-10 basis points higher than yesterday. Equities are off around 1%. Perpetuals are going to…
Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. CNB Financial Corporation Announces Quarterly Dividend For Common Stock ARMOUR Residential RE…
I have added a menu item in the right hand column menu for Spam reporting. If you notice true SPAM (or you think it is true SPAM) please report it there. I will try to check that page a couple times a day. I had a SPAM page before–but now I have put t…
As many folks know I am less than thrilled each time Federal Reserve officials yak–and that goes doubly when the Chair speaks as he will today and tomorrow. In this case the whole thing is a ‘dog and pony show’—not really of much use as congressiona…
Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter and Full Year 2024 Result…