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Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 4-6 weeks until the 2nd quarter earnings season arrive. Priority Income Fund Announces Declarati…

This morning I bought MORE of the SiriusPoint LTD 8% Resettable non cumulative preferred stock (SPNT-B). I have had a position in this issue for a very long time and have added to it 3 times now–that is the end of buying more of this issue–I’m full u…

Yesterday the Canadian central bank cut interest rates by 1/4% and today the European Central Bank (ECB) cut rates by the same amounts. The inflation rates in these regions pretty much mirror the inflation rate (as measured by the PCE) in the U.S. Does…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 4-6 weeks until the 2nd quarter earnings season arrive. NewtekOne, Inc. Completes Offering of $7…

Once again yesterday we got some economic news that points to a slowing economy when the JOLTS (job openings and labor turnover) report for April came in below forecast–the forecast was for 8.4 million job openings and the number came in at 8.1 millio…

Below are press releases from companies that have preferred stock and/or baby bonds outstanding–or just news of a general interest. Diana Shipping Inc. Announces Time Charter Contract for m/v Polymnia With Reachy Virtus Closed-End Funds Announce Resul…

I saw the 10 year treasury yield crossing at 4.38% this morning–which is off just a little from the close yesterday, but 24 basis points lower than a week ago. The ISM Manufacturing Index came in soft yesterday compared to forecast. Of course in contr…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel Diana Shipping Inc….

Interest rates were trading a bit lower this morning and then took a 5-6 basis point tumble when the ISM Manufacturing numbers were released at 9 a.m. (central). Stocks have been on a moderately slow tumble ever since the release of the data. It isn’t…

Interest rates rose over their close from the previous Friday closing at 4.51% (versus 4.47% the previous week). The personal consumption expenditures (PCE) inflation components came in about as forecast which helped to set up a rip roaring rally in so…

Yesterday preferred stocks and baby bonds ended the week with a bang–more than a few issues jumped 1-3%. The most notable jumper for me was from the Jackson Financial 8% fixed to floating issue (JXN-A). Given that the issue is one of my top 10 holding…

Well I guess getting news that was neutral on inflation is better than getting a hot surprise–PCE inflation right one forecast. At least we have gotten interest rates a little lower in the last 2 days–the 10 year now at 4.51%-off about 5 basis points…