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Stocks are popping–but interest rates remain firm as it is becoming somewhat more apparent that not all Fed officials agree with the continual fast rate of interest rate hikes. Charles Evan (Chicago Fed), for one, believes that a ‘pause and observe’ p…

Below are some headlines from company’s with preferred stock or baby bonds outstanding. Scorpio Tankers Announces Repurchases of Its Common Shares CTO Realty Growth Announces Sale of Three Properties in Jacksonville, Florida For $34.9 Million Safe Bulk…

Slow down–speed kills!! I am seeing another giant jump in the 10 year treasury today–up 17 basis points to 3.87%. I think something is broken–or the Fed is running off a bunch of the balance sheet saturating the market with supply. Fortunately the m…

Last week the S&P500 fell by about 4.6% — it had fallen 4.8% the previous week–so 9.4% in a 2 week period. The 10 year treasury yield moved up a hefty 1/4 point after rising about 15 basis points the week before. The yield closed the week at 3.70…

With these wild markets investors will be looking for any possible weakness in economic data released. Next week we have 15 Fed speeches (or presentiations) that are scheduled to take place. These are always ‘wild cards’ as each of the messages are not…

Wow it is red again today–I know I am in some pain–nothing new this week. Just guessing that 90% of all preferreds and baby bonds are red today–some very red. The 10 year treasury yield is lower by 2-3 basis points–but nervous nellies don’t care th…

As noted by StackingNickels in comments the OTC ticker for the new 8.25% fixed-rate reset preferred from Merchants Bancorp (MBIN) is MBIPL.

Interest rates are sharply higher again this morning with the 2 year treasury yield in the 4.25% area and the 10 year treasury yield now in the 3.78% area. We will have more pain ahead in preferreds and baby bonds–and in some sectors we are going to h…

Indiana banker Merchants Bancorp (MBIN) has priced their previously announced preferred issue with an initial coupon of a very tasty 8.25%. The issue is a fixed rate reset issue so the coupon is fixed at 8.25% until 10/1/2027 after which the coupon wil…

Below are some headlines from company’s that have preferred stock or baby bonds outstanding Dynagas LNG Partners LP Reports Results for the Three and Six Months Ended June 30, 2022 SCHWAB ANNOUNCES Redemption of All Outstanding Shares of Its Fixed-to-F…

You would think the damage was done to preferreds and baby bonds yesterday–but the real damage is today with the average share price off 1/2%. Yesterday was flattish. The 10 year treasury yield has really popped today and is not backing of from the 3….

Indiana banker Merchants Bancorp (MBIN) will be selling a new fixed rate reset perpetual preferred. MBIN has 3 issues outstanding now which can be seen here–2 are fixed to floating rate and 1 is a fixed rate issue. The issue will trade with a fixed ra…