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Well we got lots of decent economic news this week and while common stocks moved around (mostly higher) more than I like to see, preferreds and baby bonds have traded pretty steady without crazy pricing (either up or down) and average prices are up a b…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are very near to the end of earnings for the quarter ending 6/20/24 news will be somewhat slow once again. United C…

It may seem like there would be no question in ones mind whether investors should be invested in interest rate sensitive securities right now–there are not too many questions in my mind about it. The ability to garner 6-9% current yields and many time…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are very near to the end of earnings for the quarter ending 6/20/24 news will be somewhat slow once again for new….

Well we got the consumer price index numbers which were generally on forecast. So is a Fed Funds rate cut for September now absolutely locked in? Barring any massive surprise I think there is almost no doubt that the 1st rate cut is a certainty–BUT th…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are very near to the end of earnings for the quarter ending 6/20/24 news will be somewhat slow once again for news….

Well we get the producer price index (PPI) in a minute or two and of course it is critical–not as critical as the CPI tomorrow, but markets will move with both of these numbers. In the lead up to potential Fed funds rate cut in September every data po…

Mortgage REIT Chimera Investment (CIM) has priced their new baby bonds with a coupon of 9.25%. Nothing out of the ordinary on this issue—quarterly interest, maturity in about 5 years with an optional call period starting about 2 years after issuance…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are very near to the end of earnings for the quarter ending 6/20/24 news will be somewhat slow once again for news…

Mortgage REIT Chimera Investment (CIM) has announced they are selling a new issue of $25/share baby bonds. They are just the latest of the mortgage REITs to sell baby bonds–and they had sold an issue back in May with a 9% coupon. The preliminary prosp…

The week is about ready to start and we will have some economic news that almost without a doubt will move markets kind of sharply. Tuesday we have PPI and Wednesday we have CPI. Last week was a wild week and equity indexes moved up and down like a yo-…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Hovnanian Enterprises Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call Mortgage Rates Decrease to Lowes…