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Well here we go. Another week with lots of economic crosswinds which are almost guaranteed to cause some large movements in the equity markets. Of course this doesn’t mean that every stock issue will move sharply–but the potential is there for sharp m…

Of course markets are closed today for the MLK holiday–but after the last week or two a breather is likely welcome. Friday the 10 year treasury closed at 1.77%–down from the high of the week at 1.81%, but right at the same level as last weeks close….

Eagle Point Credit (ECC) has made a call of numerous issues of ‘term prefeerreds’ and notes. The company which just sold a note issue with a 5.375% coupon (ECCZ) made a full or partial call on 3 different issues. They have made a full call on the 7.75%…

Eagle Point Credit Company (ECC) has priced their previously announced new issue of $25/share notes. The issue prices with a coupon of 5.375%. The issue pays quarterly interest payments Egan Jones has assigned a BBB+ rating to the issue. Being a baby b…

CLO owner (collateralized loan obligation) company Eagle Point Credit (ECC) has announced they are selling a new issue of notes ($25 baby bonds). The company MAY use the proceeds to redeem either the ECCB 7.75% term preferred and/or the 6.687% notes (E…

The previously announced new baby bond issue from BIP Bermuda (BIP) has been priced. This issue is an obligation of Brookfield Infrastructure Partners (BIP) The issue, which is investment grade, prices with a coupon of 5.125%. These notes have no matur…

Hold onto your hats since we have the Consumer Price Index (CPI) being released in just 3 hours. Expectations are for a reading of 7% on the headline number (year over year) with core CPI at 5.4% year over year. So the 10 year treasury closed at 1.75%…

Brookfield BIP Bermuda Holdings I Limited (BIP) will be selling a new issue of perpetual subordinated notes. Interest payments will be quarterly. There will be a optionally available redemption period for the company starting in 2027. These are perpetu…

Well after last weeks rout of the Nasdaq by 5% and the S&P500 moving lower by 2% I look forward to a bit of stabilization. On the other hand with the consumer price index (CPI) being released on Wednesday we have potential for mid to late week fire…

As noted yesterday KKR Real Estate Finance (KREF) has reopened their 6.50% perpetual preferred issue (KREF-A). The company sold 4.4 million shares with another 660,000 available for over allotment at $25.13/share. This will mean there will be at least…

KKR Real Estate Finance (KREF) has announced they are selling more share of their KREF-A 6.50%, cumulative, redeemable issue. The original issue was sold on 4/9/2021–6.9 million shares were sold at that time. Current holders are likely not too appreci…

has priced their previously announced $25/share baby bond. The issue prices at 5%. This issue is rated BBB by Egan Jones. The bonds pay quarterly interest on the last day of 3,6,9,12. There will be no OTC trading–the issue will trade on NASDAQ under t…