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Interest rates continue to march higher with the 10 year at 3.63% this morning and the 2 year at 4.27%.  Yesterday, and for the last week or two, we have had some very calm equity markets irrespective of the move higher in interest rates–this won’…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or other news of general interest. OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock SuRo Capital Corp. Announces Expirat…

Well Bank of America (BAC) is out with earnings this morning and as expected their numbers were very good–of course I am most interested in the small banks instead of the mega banks.The community/regional banks will pay me 2% more on their preferred is…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or other news of general interest. Valley National Bancorp To Announce First Quarter 2023 Earnings Energy Transfer Announces First Quarter 2023 Earnings Release…

The S&P500 was generally quiet last week closing at 4138–which was a .8% gain–better than a poke in the eye with a sharp stick.  The range for the week was 4072-4163–around a 2% range. We have seen the earnings from regional bank M&T Bank…

Well we had the big banks reporting earnings this morning and JPMorgan (JPM) and Wells Fargo (WFC) both beat forecast as was expected.  I am more curious how the smaller banks are doing–the regional banks etc.  I want to see how the commercial loans ar…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or other news of general interest. Mortgage Rates Decrease Slightly BrightSphere to Report Financial and Operating Results for the First Quarter Ended March 31…

Well today started off right with the producer price index showing a month over month reduction in prices of 1/2%–of course it is just 1 months worth of data so to some degree not ultra meaningful, but just the same it feeds into the interest rate dec…

Yesterday was a simply a ‘silly’ day in the markets. We start with the consumer price index (CPI) which was reasonably close to forecast–year over  year at 5% versus forecast of 5.1% with the core rate at 5.6% which was right on forecast.  Equities ope…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2022 SiriusPoint Acknowledges Indication of Intere…

Giant container owner Triton International (TRTN) is being acquired by Brookfield Infrastructure (BIP). Triton has a number of high yield perpetual preferreds outstanding which can be seen here. It is stated that ‘preference shares will remain outstand…

BDC Saratoga Investment (SAR) has priced their new baby bond with a fixed rate coupon of 8.50%. The ticker will be SAZ and there is no OTC trading–the new issue will likely start trading in the next week or so. The company has 3 other baby bond issues…