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Most all the folks that frequent this website know that when you are buying and selling preferred stocks and baby bonds it is absolutely NECESSARY to use ‘limit orders’. One of my largest holdings is the Affiliated Managers Convertible ($50 issue) whic…

The S&P500 traded in a range of 2969 to 3068 before closing on Friday at 3044 which is around 3% higher than the previous Friday–party on. The 10 year treasury moved in a range of .648% to .72% before closing at the low of .648%. The Fed Balance S…

Bad news is good news, good news is great news–even no news is good news. So if you run an airline and your load factor goes from down 90% to down just 85% it is great news–I guess. The real question is where will it be next fall? With the FED pumpin…

Tennessee banker Pinnacle Financial Partners (PNFP) has priced the previously announced preferred stock issue. The non-cumulative issue comes to market at a coupon of 6.75%. They have sold 4.8 million shares and there are another 720,000 available for…

New issues are coming fast after the month or two break we had in March and April. Huntington Bancshares (HBAN) has announced a new non cumulative perpetual issue. The issue should be split investment grade–BB+ by Standard and Poors and Baa3 by Moodys…

Large tanker fleet owner Scorpio Tankers (STNG) has priced their previously announced senior unsecured notes. These notes are unrated. The notes are priced at 7% and they will offer 1 million shares (bonds). plus 150,000 for over allotment. Shares will…

The new baby bond from banker Hancock Whitney (HWC) has priced with a relatively tasty coupon of 6.25%. The issue is investment grade. The permanent ticker will be HWCPZ, which will be used once trading begins on NASDAQ in the next week or so. There is…

While common stocks party on the backs of extreme liquidity from government agencies of all sorts it looks like preferreds are joining in. A few weeks ago I started doing a little dividend capture and new issue ‘flips’–given that I am flush with plent…

Banker Hancock Whitney (HWC) has announced a new $25 subordinated note issue. The issue will be an investment grade issue—BBB- by Standard and Poors and Baa3 by Moodys. The issue will have a permanent ticker on the NASDAQ market of HWCPZ when it fina…

Following the saying ‘get it while the getting is good’ a new baby bond have been announced this morning. Giant tanker ship owner Scorpio Tankers (STNG) has announced a new baby bond issue. The senior unsecured note is due in 2025 and should trade unde…

The S&P500 traded in a range of 2914 to 2980 last week before closing the week at 2955–a gain of 1.5% or so. The 10 year treasury moved in a range of .648% to .744% and closed the week near the low at .657%. The Fed Balance Sheet moved over $7 tri…

mREIT New York Mortgage Trust (NYMT) has released the results of their financials for the quarter ending 3/31/2020. NYMT held residential mortgages and securities as well as multi family loans and other commercial mortgage backed securities. The compan…