Home

Well we started off with a stronger than expected employment report at 7:30- a.m. which sent stocks into a tail spin and interest rates higher. Well so much for that – stocks were flat. Interest rates have done a huge round trip from starting at 3.50%i…

Well we had a good run lately, but today reality comes home to roost and it looks like we will doing a little giving back today. The 10 year treasury which was at 3.51% before the employment number was released jumped to 12-13 basis points when new job…

Below are some press releases from company’s which have preferred stock and baby bonds outstanding. Raymond James Financial Declares Quarterly Dividends on Common and Preferred Stock; Increases Common Stock Repurchase Authorization Triumph Bancorp Rebr…

With the 10 treasury off about 10 basis points today and common stocks essentially flattish preferreds and baby bonds are having another decent day. Almost all preferreds and baby bonds have had superb gains in the last month – around 5%. One might thi…

Business development company Runway Growth Finance (RWAY) has priced their new issue of baby bonds. The issue prices at 8.00%. The issue is rated BBB+ by Egan-Jones. This issue will not trade on the OTC grey market and likely will not trade until mid t…

The 10 year treasury is off 10 basis points or so today—trading as low as 3.58%. Overreaction to Powell’s speech yesterday? Who knows, but it is favorable to us. Today in 45 minutes we have the PCE price index release–this could totally reverse yest…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. Triumph Bancorp Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock CTO Realty Growth Announces Public Offering of…

Today I listened to Jay Powell’s entire speech and found it very balanced–personally I didn’t hear too much new news, but I did hear him practically promise (not quite a promise) to slow the interest rate hikes in December. Of course what I hear and w…

Business development company Runway Growth Finance Corp (RWAY)has announced a new issue of baby bonds. The new notes will have an early call available in 2024 and final maturity in 2027. RWAY has another baby bond outstanding which can be seen here. Th…

We end November today with a trio of Fed yakkers–they will, almost without, doubt move markets. Today we have Fed speakers Cook and Bowman as well as Chair Powell at 12:30 p.m. (central) so we will see some spikes and dips in markets during the day–l…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. Costamare Inc. Announces Formation of New Dry Bulk Operating Platform Argo Group Mails Letter to Shareholders Setting the Record Straight on Capital Retur…

I had a chunk of money in a Gabelli money market fund for a good share of this year and with buying cash in short supply I have put in a sell order for the end of day today. I am looking back to the mid sized regional/community bankers to buy in the ne…