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It is amazing how fast these markets change–we go from ‘the world is going to end’ to ‘everything in the world is good’ in the blink of an eye. With common stocks up 1% this morning the 10 year treasury is moving higher–just like it is supposed to wo…

AGNC Investment (AGNC) has priced the previously announced fixed-to-floating rate preferred issue with an initial coupon of 6.125%. Starting in April, 2025 the coupon floats at 3 month Libor plus a spread of 4.697%. Shares will trade immediately on the…

CLO owner Oxford Lane Capital (OXLC) has announced a new offering of term preferred stock. Term preferreds are sold with a mandatory redemption date–in this case it will be in 2027. This issue will be cumulative, pay monthly dividends and will be non-…

As everyone knows stocks are flying high today–maybe it is ‘party time’ again as Tesla (TSLA) leads the way with a crazy move higher-up $116/share right now. Stocks are heading toward a 1 1/2% move higher while the 10 year treasury is higher by 8 basi…

Giant mREIT AGNC Investment Corporation (AGNC) will be selling a new preferred. The issue will be a fixed to floating rate issue and will have an early redemption option starting in April, 2025. This is also the date at which it will begin to float at…

Yesterday I posted some info on the Uhaul Investors Club. I have removed it for now as I want to continue to research items and then will republish. Simply I would like the information to be correct and there are some terms and conditions which are con…

I was anxious to get this week kicked off–I wanted to see where markets would trade after the little bit of volatility last week. As of this moment things are just about perfect for someone who is most happy with quiet markets. The S&P500 is up ab…

A number of folks–ourselves included, caught a filing with the SEC from Global Ship Lease (GSL) that corrected an old error in a prospectus. mbg and 2whiteroses caught and noted the filing. The company had sold a new 8% baby bond (GSLD) on 11/14/2019…

I can’t wait to get this week started. The stock market was a bit soft last week for whatever reason–personally I think the corona virus was a good excuse to sell stocks down–they had gotten way ahead of themselves at values that were historically ve…

I see MarketWatch has a headline of “Panic Selling Reached in the Stock Market”. Markets are off less than 2%–not sure any of us that were invested on Black Monday, 1987 would call the current fall a panic. I am watching preferreds and baby bonds clos…

Common stocks are slipping by about 1% today as the corona virus takes it’s toll. I think VinL hit the nail on the head in some comments that it is really about uncertainty in China as their information may well be less than transparent and of course s…

Last night and early today I thought “it looks like a down day” in stocks (based on futures and early trading)–I think all of this was related to the corona virus, although maybe it was a delayed reaction to the FOMC not giving common stock traders an…