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After a tiny move lower yesterday in stocks the futures market is showing a strong rally this morning with the S&P500 up about 3/4%–tech shares are even stronger as NASDAQ futures are up 1.4% . When these trends are strong there is always a reason…

I have never been a major fan of mortgage REIT preferreds, but in the last 3 to 6 months I have started to gain a little comfort with them and now own a number of issues. Actually whether I like them or not they offer some of the best yields out there…

I am away from my desktop computer which is normally how I publish ‘headlines’ each night. I will not have access to the desktop computer all week so will not be publishing headlines this week–but will start again next Monday as normal.

I have been quoting an incorrect 3 month SOFR rate on the website. I have been quoting a backward looking average rate—when I should be looking at a forward looking rate. Sorry for being wrong on this–not the 1st time for sure. There is a substantia…

Well we got through last week in good fashion although we did see longer term interest rates move higher for the week. The S&P500 moved higher on the week, the gains were just a bit less than 1.4%. Most of the gains came on Thursday in a somewhat d…

My old brain is tired–too much market activity this week I guess with interest rates decisions and market movements higher. So many capital gains in accounts (with a few dogs of course) as investors everywhere piling into preferreds and baby bonds and…

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 the start of earnings season in early October.  Chimera Increases…

Well markets have pretty well ‘melted up’ this morning–obviously not a sell the news moment—maybe a bit of a over-reaction. Of course yesterday after the 50 basis point rate cut announcement equities moved sharply higher before taking a tumble so no…

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 early October. Abacus Life Policy Val…

While the interest rate cut and the following news conference from Jay Powell is obviously important I am looking at it more as entertainment. Just sit back and watch. Yesterday markets moved in a fairly wide range in the end they went no where. Today…

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 early October.  Financial Health Puls…

Aircraft leasing company Air Lease (AL) has announced a new issuance of $1000/share fixed rate preferreds. The company will be redeeming their 6.15% fixed to floating rate preferred (AL-A) which became callable on 3/31/2024 and is now floating with a c…