T Rowe Price chief economist is out with a call for the benchmark treasury heading to 5%–darned near a point higher than where we are currently positioned. The 10 year yield is up 9 basis points this morning to 4.16% and this is getting a bit critical…
Once again equity markets moved higher for the week. The S&P500 closed the week at 5865 which was up .85%–around 50 S&P500 points. The 10 year treasury closed at 4.07% which was unchanged from the previous Fridays close. Without employment num…
Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. Customers Bancorp, Inc. to host Third Quarter 2024 Earnings Webcast on Friday, November 1, 2024 OceanFirst Financial Corp. Anno…
Earlier today fabrib posted that some of the big money managers are now looking at launching CLO ETFs. Of course there are already a couple out there that concentrate on the more quality tranches of CLOs. This link should access the article. Janus has…
As I mentioned last week I ‘had to’ get to buying some preferreds or baby bonds as I had ‘dry powder’ piling up from CD redemptions. CD rates on the 3 month issues are running in the 4.55% area–not terrible, but not as lucrative as we saw previously w…
Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. SL Green Realty Corp. Reports Third Quarter 2024 EPS of ($0.21) Per Share; and FFO of $1.13 Per Share Compass Diversified Annou…
It seems like we are now just going to get a slow creep higher in our accounts and as I have said many times boring is ok–dividends and interest payments flowing and meeting my 7% target. As much as I say this I am obviously a bit ‘hooked on’ capital…
Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks. Citigroup Repo…
Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks. Today with the…
Last week, once again we saw common stocks moved higher by 1.1% (the S&P500)–doesn’t matter whether the economic news is good or bad–there remains almost a never ending pot of cash available to buy common shares—because they only go higher (sar…
Reviewing the comments on the website leads me to believe that there is some hesitation by some to own senior securities (preferred stocks and baby bonds) of non traded Closed End Funds. I can understand the hesitation, most of which stems from a lack…
Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks. Liberty Broad…