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After a week of falling interest rates it looks like we will have a bit of a change of direction today as the 10 year treasury yield is around 4% this morning – up from 3.94% yesterday – let’s hope we can keep rates in the 4% area, or at least have mov…

Yesterday was an interesting day for income issues. With interest rates falling yesterday I noticed that preferreds and baby bonds bottomed and rose a fair amount, before falling back off again as the ‘nervous nellies’ took the opportunity to sell into…

Below are some headlines from company’s which have preferred stock or baby bonds outstanding . Raymond James Financial Reports Fiscal Fourth Quarter and Fiscal 2022 Results Arbor Realty Trust Schedules Third Quarter 2022 Earnings Conference Call ARMOUR…

Once again we see ‘soft’ economic data and substandard earnings in the tech sector and interest rates and equity prices ‘party’. Actually it is kind of nice to have days like the last few–give us all a mental rest. My accounts have bounced a little–w…

Google and Microsoft earnings last night may well serve to soften equity prices today–at least the Nasdaq and the S&P500. Both big tech firms missing the earnings forecast and it is almost a certainty that Meta Platforms (Facebook) will miss tonig…

Below are some headlines from company’s that have preferred stock or baby bonds outstanding. ARMOUR Residential REIT, Inc. Third Quarter 2022 Webcast Scheduled for October 27, 2022 Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel…

The 10 year treasury yield has tumbled hard–down 14 basis point to the 4.10% area. Consumer Confidence came in much softer than anticipated and Case Shiller is showing that house price gains are decelerating sharply. Add to this data that we have some…

S&P500 futures are off a bit this morning–not much but a little. Quiet day? Who knows of course, but with earnings season upon us anything can happen. The 10 Year treasury yield is lower at 4.17%–off 6 basis points. Speaking of earnings I am anxi…

Below are some headlines from company’s that have preferred stock and baby bonds outstanding. Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock Apollo Commercial Real Estate Finance, Inc. Reports Third Quarter 2022 Results…

This is just a bit of trivia about the website. Below is a chart of when folks are on the website. Essentially things start getting busy at 6 a.m. and then in the 2 p.m. hour activity starts to wind down, although a fair number of folks are around even…

LVS asked about closed end fund Highland Income Fund (HFRO) – a fund which tried to convert to a diversified holding company last year–they were unsuccessful. The company has a 5.25% perpetual outstanding (HFRO-A) which is now trading at $20.15 for a…

Today we had the PMI (Purchasing Managers Index) and the numbers came in lower than expectations – soft with a reading of 47.3 – readings are supposed to indicate contractions in the economy, but who really knows if this is a good indicator. I thought…