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Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

We got some economic news this morning which is likely being mostly ignored by investors. The JOLTs (job openings and labor turnover) report softened a tiny bit from last month–7.568 million jobs open compared to 7.762 million last month. I would have…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

Are interest rates heading up or heading down? Is there a recession just ahead or is GDP going to head higher–irrespective of what GDPNow says (current GDP forecast for the 1st quarter is -2.8%)? Should one buy perpetuals or should they by term prefer…

Last week we saw the S&P500 fall – by just 87 points (about 1 1/2%). The total trading range was around 200 S&P500 points–just shy of a 4% range. Have we seen the bottom? Have we seen a ‘flush’? I don’t think the bottom is in and with continui…

Equity markets are down sharply–not a giant surprise with personal consumption expenditures numbers which were a bit hotter than expected–not supportive of interest rate cuts ahead. On the other hand interest rates fell fairly sharply–the 10 year tr…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

Came across this item this morning–interesting. This 5.50% non cumulative preferred (CADE-A) is an exchange traded issue and to see a special paid to preferred holders is pretty unusual. The article is here.

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

Well the durable goods numbers came in super strong today at +.9% versus a forecast of -1%–that’s a giant swing and supports interest rates right where they are as the 10 year treasury is trading at a 4.35% yield which is up a few basis points. Honest…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when…

I took a nibble–no it was a double nibble on a new ‘hiding spot’ issue yesterday. I bought the Raymond James 6.375% fixed to floating preferred (RJF-B)–as usual I paid a bit more than I wanted to–$25.16–oh well as I see it is better than 4.3%. The…