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This morning the Atlanta Fed GDPNow model was updated. The next update will be on Thursday of this week.

Markets continue to move in a manner indicating no one knows for sure what is going to happen in the weeks ahead. As if we didn’t have our hands full with tariffs as well as many geopolitical events we now have the potential for a government shutdown n…

Are you ready for the week? Economic news is somewhat minimal this week–a least until the official release of jobs numbers on Friday. We can get a good hint of the economy by focusing on the jobs numbers (we also have the ADP jobs numbers on Wednesday…

Here is a Wall Street Journal article that is simply meant by me to pass on items I find today–of interest to me, but maybe not to you. The article deals with structured finance, including CLOs (collateralized loan obligations). Given that I have expo…

Yesterday the Atlanta Fed updated their GDPNow forecast with a dramatic drop for the 1st quarter. This tool is updated every few days and the next update is on Monday 3/3/2025. Can the economy drop off the cliff that fast? Guess we will have to wait an…

If you hold the 10.625% Wesco Reset preferred (WCC-A) you can claim your gains by selling this issue now. This issue has a reset on 6/22/2025 at a rate which would be in the neighborhood 14-15%. The ‘spread’ on this one is 10.325%. Current yield to mat…

Well we got the personal consumption expenditures number today and everything for the most part was right on forecast. Next week the big number will be employment which comes next Friday. The 10 year treasury is trading around 4.23% or so helping to re…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Mortgage Rates Continue to Drop Pending Home Sales Waned 4.6% in January Redfin Reports Flori…

It seems to me that markets are finally tiring of tariff shenanigans. After starting the day fairly strongly all indexes, but in particular NASDAQ and the S&P500 are cratering big. This is not a political statement, but just an observation that mar…

It took a little time, but Rithm Property Trust (RPT) has priced their new fixed-to-floating rate preferred issue. The issue priced at a fixed rate of 9.875%. The issue goes to floating rate on 5/15/2030 at 3 month SOFR plus a spread of 5.56%. This is…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Triumph Financial to Acquire Greenscreens.ai Medallion Financial Corp. to Report 2024 Fourth…

Lo and behold—I just wrote about ‘call risk’ and then I found the Annaly 6.95% fixed-to-floating preferred (NLY-F), which I hold, trading at $26.25. It would be quite embarrassing to get caught with this one after warning folks of call risk. My shares…