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While interest rates are higher by 7 basis points that is only 1/2 the 14 basis points higher move earlier in the day. Equities are down–but a very orderly market–no panic. My accounts are red–but only mildly–I was braced for more downside action….

My suspicion on the rate hike and news conference were on the mark–but the talking heads on CNBC did have me thinking that the FOMC had threaded the needle when their initial ‘statement’ was released–for a moment I felt some relief, but realistically…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. DCP Midstream Reports Third Quarter Results SiriusPoint reports year-over-year improvement of underwriting results and simplifies operating platform New Y…

Just 20 minutes until the 75 basis point rate hike–we all know that will occur. What we don’t know is how Powell will parse his words at the press conference. I am guessing they will refrain from sounding dovish–the data, while occasionally softer th…

CHS (Cenex Harvest States) continues to hit on all cylinders. While there is no publicly traded common stock CHS has many preferred issues outstanding. The company just filed their 10-K annual report showing net income of $1.7 billion in net which was…

As I expected both equity and bond markets are quiet at 6 a.m. central as everyone waits for the Fed statement and press conference–we don’t need to wait on the actual rate increase as it will be 75 basis points. It is a rarity that I watch these pres…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. FTAI Infrastructure Inc. Reports Third Quarter 2022 Results, Declares Dividend of $0.03 per Common Share Texas Capital Bancshares, Inc. Completes Sale of…

Looks like everyone is trying to position themselves for tomorrow. Ups and downs and in the end not much movement. This is true of stocks and bonds. Guess everyone is going to end up flattish. I just looked at my accounts sreadsheets and the lack of mo…

Well it looks like another bullish day–at least to start with since things could reverse quickly. Futures are up over 1% (S&P500) while interest rates (10 year treasury) have tumbled by 12 basis points from yesterdays 4.07% close–now at 3.95%. It…

Below are some headline from company’s that have preferred stock or baby bonds outstanding. Oxford Square Capital Corp. Schedules Third Quarter 2022 Earnings Release and Conference Call for November 7, 2022 Vornado Announces Third Quarter 2022 Financia…

It appears that markets are waiting on the Fed for Wednesdays announcement of the rate hike–or more likely they are waiting on the Fed Statement and Jay Powell’s press conference. Interest rates are up 4 basis points today–that’s fine after the tumbl…

The S&P500 had a stellar week last week as the index zoomed higher closing at 3901 which was a gain of just about 4% on the week–just a few points off the high for the week. The 10 year treasury yield closed the week at 4.01%, which was lower by 2…