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mREIT Ready Capital Corporation (NYSE:RC) has priced a new baby bond issue with a fixed rate coupon of 6.20%. While the coupon could be a bit more generous, at least the 2026 maturity date makes it a bit attractive. The details of the issue are below–…

We have a spreadsheet which we use–but it is not posted on the “preferred stock” page that is “$25 Preferreds At or Near New Highs” which is a listing of all preferred stocks and it compares current price to the 25 week high for the shares. This sprea…

mREIT Ready Capital (NYSE:RC), which was formerly Sutherland Asset Management, has announced an offering of $25 senior notes. The notes interest payment is an unqualified interest payment taxed at ordinary tax rates. The issue will be unrated. The note…

The combination of a strong jobs report 2 Fridays ago and very strong retail sales being reported today have worked to move interest rates higher–for now. The 10 year treasury yield moved as high as 2.14% before settling back to around 2.11% right now…

Giant ag cooperative CHS has released earnings for the quarter ending 5/31/2019. Honestly the earnings were not very good–although they haven’t been stellar for quite a few quarters. The coop earned a net of $54 million on sales of $8.5 billion. We on…

Here we go again–another week that is bound to be exciting as the stock markets are at record highs–party on!! Forget the massive debts of the U.S., the weak economy in Europe and now in China–all that matters is that the markets have a “Fed Put” to…

I have followed the conversation in the last 24 hours on the site and it has been “spirited”—that is good, in my opinion, and really should serve to teach “newbies” that follow the conversation that there is more than 1 way to skin a cat. We know tha…

As holders of the new 7.50% fixed-to-floating rate issue from mREIT New Residential Investment (NYSE:NRZ-A) already know the issue has been heading strongly higher. Today closing at $25.80 after trading as high as $26.05. Our personal holding of a full…

We had mentioned a week or so ago that we needed to broaden the model portfolios to include more total issues as well as adding representation from a wider variety of businesses. To begin to accomplish our goals we had to adjust the “rules” of our mode…

mREIT RAIT Financial (OTC:RASF) appears to be heading for a pivotal moment. The junky company already had suspended dividends on the 3 preferred issues outstanding and each of them trades under $1/share. The company has some baby bonds that mature on 8…

The S&P500 opened last week at 2971 level and ended the week at 2990–darned quiet overall. The 10 year treasury opened the week around 2.03% and then drifted lower for the next couple days all the way down to 1.94% on Wednesday. Friday brought the…

The 10 year treasury popped fairly hard today on the back of a strong jobs report. The yield traded as high as 2.07% before settling back a bit to 2.05%–this is up a strong 10-12 basis points from the close on Wednesday. This jobs report, with a suppo…