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Well we had a week with some important economic news last week–but Jay Powell and the FOMC news was good news–at least equity markets took it as good news. The S&P500 moved up on the week by a solid 2.3% from the close the previous Friday. Invest…

It is tough to get away from CDs at 5.3% or 5.35% for a non callable 3 or 6 month issue. I bought a handful again today. As I have written about many times in the last few months I want my preferreds and baby bonds to average around 7% yield at my cost…

I just added to my current position in the Spire 5.9% perpetual preferred (SR-A). I paid $24.75 – not a bargain, but it goes in my ‘sock drawer’ bucket with a current yield just under 6%. The issue becomes optionally redeemable on 8/15/2024. I will add…

Well it has been a somewhat decent week–for common stocks and for income issues. Of course we had important economic news with the FOMC meeting and Jay Powell presser which markets decided was somewhat dovish–all news was good news I guess. Interest…

While we know there will be no Fed Funds rate cut today we don’t know what will happen at the press conference which will happen at 1:30 p.m (central). Are markets ready for some ‘I told you so’ from Powell. At each press conference on previous FOMC da…

Interest rates are pretty steady this morning–the 10 year treasury is hanging out around 4.31%. I suspect they will remain in a pretty tight range until Fed Chair Powell speaks tomorrow. Of course I didn’t buy anything yesterday–and there is a lot of…

For this week I will not be publishing ‘headlines of interest’. I am on the road this week and thus am working only on my chromebook which leaves me with very limited capabilities compared to my windows desktop which I generally use for almost all of m…

Well last week ended up near flat in the equity markets – with the S&P500 down a measly 15 basis points. The index was driven higher during the course of the week by over 1% as the market decided that hotter than forecast inflation number were ‘goo…

Affiliated Managers Group (AMG) priced their previously announced baby bonds. The junior subordinated notes price at 6.75% with a maturity date in 2064 and an early redemption date available to the company in 2029. Bonds are investment grade. The prici…

Below are press releases from companies with preferred stock and/or baby bonds outstanding Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024 Pyxis Tankers Announces Financi…

Asset manager Affiliated Managers (AMG) has announced a new issue of baby bonds. The terms are fairly typical, but the notes will have the ability to defer interest payments on one or more periods for up to 20 quarters without a default being declared….

Always waiting on something–this time the producer price index (PPI)–interest rates are already up and trading around 4.2% based on the hotter consumer price index announced on Tuesday. So far no real damage done to income issues, but who knows when…