Home

It is confusing to me that interest rates are falling – the 10 year treasury is now at 4.09%. Certainly the move is favorable to income investors–so who can complain? Powell testified yesterday to congress and said there would likely be a rate cut ‘th…

Below are press releases from companys with preferred stock and/or baby bonds outstanding – or just news of a general interest. SuRo Capital Corp. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Wednesday, March 13, 2024 Freddie Mac…

Well we have the chief Fed yakker testifying today before congress – do we think he is going to say anything new? For all the importance some folks put on this I think that no one darned thing new will be said–I mean really the Fed’s position has been…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest. We are moving into a slow news period. Freddie Mac Prices Approximately $618 Million Securitization of Re-Performing Loans Ri…

Once again we are facing a potential bank run with the New York Community Bank (NYCB) situation. With the lack of leadership at this bank and a dramatic increase in loan loss reserves investors are starting to question potential issues at all banks–th…

Below is the detail on the new Athene Holding LTD Fixed Rate Reset Jr Subordinated Notes. It is likely we won’t see exchange trading until at least the end of week–maybe longer. The final prospectus can be read here. The pricing term sheet is here.

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate Rithm Capital Corp. Announces Proposed Offeri…

Reinsurer Athene Holdings LTD has priced a new baby bond with a coupon of 7.25%. The issue is a fixed rate reset issuer and will be reset on 3/30/2029 at the 5 year treasury plus a spread of 2.986%. The issue is then reset every 5 years. Maturity is in…

Well here we go on another week–whether one is taking the opportunity to add to some CDs with coupons around 5.3% or hunting and purchasing quality preferreds and baby bonds at bargain prices there will be something available for everyone!! Last week…

Well yesterday turned out to be pretty quiet – with the personal consumption expenditures (PCE) released yesterday pretty much on forecast. There had been a pretty big possibility that markets would move bunches if the inflation components were have co…

Below are press releases from companys that have preferred stock and baby bonds outstanding–or just news of a general interest. Babcock & Wilcox Sets Fourth Quarter and Full Year 2023 Conference Call and Webcast for Thursday, March 14, 2024 at 5 p…

The new baby bonds from TPG Operating Group II, L.P. priced last night. They priced at a disappointingly low coupon—6.95%, although they are investment grade they have a maturity way out on 3/15/2064. This issue contains the following provision– The…