Well equity markets are ripping higher to start the week–apparently the belief is now the tariffs to be imposed on April 2nd are thought to be less onerous than originally believed–unfortunately it will take just a tweet to turn this around and send stocks back down again.
At the same time tariffs are believed to be less onerous the result is to send interest rates back higher as the fear of recession is tempered somewhat. The 10 year treasury has popped 7 basis points up to 4.32%–really no effect on income security prices–guess folks are getting used to these moves and are starting to ignore them.
I have 3 good til cancelled buy orders in–2 are nibbles and 1 is a ‘double nibble’ of a issue that will be new to the portfolio. As you would expect 2 of the 3 are off the ‘hiding spot’ list, while the 3rd will soon be added to the list. None of these orders has executed as of noon (central) today—damned spreads are wider than one would like and I’m not motivated to chase the prices higher.
I have a number of issues to add to the hiding spot list—but I don’t want to get out too far in the future on the list issues, because we can seldom predict interest rates tomorrow–let alone 2-3 years out. If interest rates go higher or lower from here those issues that I believe are good hiding spot issues will no doubt change.
I picked up some ATH-C today on your recommendation last week.
On another note, would love to get everyone’s thoughts on GLOP-B, an issue I have owned for a while now and haven’t yet gotten around to doing a deep dive on. Currently yielding a whopper 10% – anyone know of any problems with this one? This was one I was surprised hasn’t yet been called.
Dan-
If you want to people to see your question, post it in the Sandbox.
I watch stock index and t-bond futures. Lately they’ve been trading in opposite directions, like today for example. When stocks rise, bond traders want a higher yield.