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The average $25/shares baby bond and preferred stock is closing in on $26–actually up a dime on the week to $25.88. The average share has not been this high since 2/21/2020–almost 14 months ago. Shares had peaked in early February, 2020 in the $26.08…

Container leasing company Textainer Group Holdings (TGH) has announced a new offering of fixed rate preferred stock. TGH is new to the preferred stock world and certainly due diligence is in order. TGH has been around since 1978 and the company is one…

You can’t fight the Fed and you can’t fight a free spending congress. Never has it been truer than now. One just as well forget that there will be a bad ending to this story–it hasn’t happened yet and may not end for years. On the other hand, global i…

Time to get another week underway. I am expecting markets to move higher in the coming week. This is a safe prediction because equity markets move higher almost every week and if prices move lower we can expect the ‘buy the dip’ crowd to come in and se…

Interest rates are hanging around the 1.71% mark (10 year treasury) today seeming to be waiting for the next bit of ‘news’ that can kick rates higher or drop them back a bit. Today we had the ADP payroll report which claimed 517,000 new jobs for March-…

The new 5.50% baby bonds from B Riley (RILYK) are now trading on NASDAQ. Shares last crossed at $24.95.

The 10 year treasury is popping higher again this morning as fears of massive economic stimulation are causing inflation expectations to gain traction once again. The 10 year treasury had traded as high as 1.73% yesterday before closing the day at 1.72…

The new Eagle Point Credit Company (ECC) 6.75% baby bonds (ECCW) are NOW trading on the NYSE. They have traded in a range of $24.60-$24.85 and are at $24.80 at this moment. These particular baby bonds have a longer maturity–in 2031 – than those we hav…

The S&P500 rose again last week – this time by 1.6% and once again right at new all time highs. The 10 year treasury closed the week at 1.66% which was down about 7 basis points from the previous Friday, but up on the Thursday close by 5 basis poin…

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has announced the pricing of a new term preferred stock issue. XFLT is organized as a closed end asset management company and as such is required to maintain an asset coverage ratio o…

KKR Finance (a division of KKR & Company) has priced a new offering of $25 subordinated notes. The 20 million share offering was priced at 4.625%. The company intends to redeem their 2 outstanding preferred issues. The KKR-A 6.75% issue has about 1…

Financial services firm B Riley Financial (RILY) has priced their new issue of baby bonds. The company has priced 6 million shares with a coupon of 5.50%. There are 900,000 shares for over allotment. The company has stated that proceeds over $100 milli…