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You all know already that the December jobs number came in way hot–I was fearful of that occurring. With an expectation of 155,000 new jobs markets are not taking kindly to 256,000 new jobs. Of course on one hand it is good news–lots of folks should…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Until earnings season (2nd half of January) arrives news may be relatively sparse. Mortgage R…

I just wanted to share that what I write on the website will now show up as from ‘Innovative Income Investor’ instead of my name. This is because Google News does not allow for an individuals name to show up on their Google News. So as a continuation o…

Of course today all equity markets are closed–although the futures markets were open until 8:30 (central time) but didn’t show much movement. Interest rates and stock prices are totally joined at the hip right now so one can’t expect much movement wit…

Mortgage REIT New York Mortgage Trust (NYMT) has priced their new issuance of Senior Notes ($25/bond) at a coupon of 9.125%. The issue matures in 2030–so with the short duration the share price should remain more stable than a very long dated maturity…

Giant CHS has announced earnings today for the 1st quarter of 2025 and as expected they came in somewhat soft. Net income was $244 million compared to $523 million in the year ago quarter. While the ag sector came in softer than the year ago quarter th…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Until earnings season gets rolling in the next few weeks news will be slow. Old National Bancorp Announces Schedule for Fo…

Well the 10 year Treasury yield has hit the 2.72% area today while the 20 year bond broke above 5%–the 30 year yield is just below the 5% area. Interest rates are making it darned tough to ‘make a living’ if you are an income investor. On the other ha…

New York Mortgage Trust (NYMT) has announced they will be selling a new issue of baby bonds ($25 notes) with a maturity date in 2030. The issue will trade on NASDAQ under ticker NYMTG when it begins to trade in a week or two (exact date can not be know…

Insurance/annuity company American National Group Inc has announced pricing of their new non cumulative preferred stock issue. The issue prices at 7.375%–about as expected for an issue that is a notch short of investment grade. No grey market ticker h…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Until earnings season gets rolling in the next few weeks news will be slow. Valley National Bancorp To Announce Fourth Quarter…

The 10 year treasury has moved higher today–up to 4.69% after the release of the Institute of Supply Management (ISM) report showing strong performance in the service sector. The pricing index showed a sharp increase which put the hammer on equities….