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Sitting at my desk I have the SPY ETF charts running on one of my large screen monitors–I run 3 large screens, and the ups and downs could make a person crazy. One minute SPY is up 1% and then 15 minutes later it is down 1%–it only takes a tiny bit o…

Numerous months ago I quit deleting old comments because some wanted the history and the ability to look way back. We have reached the point where there are so many comments on some pages i.e. Sandbox that I need to remove some to get some performance…

Well there should be no doubt this will be a wild week—a barrel of oil is at $124/barrel as I write this and further increases in oil may very well send the global economy into a recession–these are scary times. The S&P500 fell by about 1.3% las…

Sachem Capital (SACH) has priced the previously announced issue of $25/share notes. The notes prices at 6.00%. These notes have a maturity date of 3/30/2027 with an early optional redemption available to the company starting 3/9/2024. Egan Jones rates…

Insurance company Kemper Corporation (KMPR) has priced their previously announced new baby bond. The issue prices at 5.875%. This is a fixed-rate reset issue so 5.875% will be paid until 3/15/2027 after which the coupon will be reset at the 5 year trea…

Insurance company Kemper Corporation (KMPR) has announced they will be issuing a new fixed rate reset Junior Subordinated Debenture with a maturity in 2062. The issue will carry a fixed rate for the 1st 5 years and then will reset every 5 years at the…

Hard money lender Sachem Capital (SACH) has announced a new issuance of $25 notes. The issue will have a due date in 2027 with an early redemption available to the company starting in March, 2024. The notes will trade under ticker SCCE when they begin…

Non pubicly traded CEF (closed end fund) Priority Income Fund has posted their semi-annual report for the period ending 12/31/2021. The report can be read here. Of course Priority has 1 perpetual preferred outstanding as well as many other term preferr…

Well we will almost undoubtibly have a wild week ahead in stock and bond markets–whether it is up OR down is the question–or maybe it will be both. Last week the S&P500 ended the week with just under a 1% gain for the week after a wild ride with…

I just removed a few comments from the Sandbox–thanks to those that ‘called out’ the poster on political type comments. Sometimes a new person thinks they are on the old ‘Yahoo’–it isn’t the old Yahoo so politics has no real place in the comment stre…

Today we are seeing market react to Russia invading Ukraine–European markets are off 4% (more or less) while I see that the S&P500 futures are off by just over 2%. At the same time as equities are tumbling there is a flight to safety play in the t…

Priority Income Fund has priced their previously announced term preferred stock issuance. The shares price at 6.375%. They are rated BBB- by Egan-Jones. The issue will have an early redemption available to the company starting in 2025 with mandatory re…