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Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. Green Brick Partners, Inc. and Hersh Family Investments Announce Rainwater Crossing, a New Joint Venture Community in Celina, T…

Cross currents continue–equities are up over 1% this morning based on Tech earnings (and in particular ‘AI’ stories), while interest rates rise a bit based upon the FOMC meeting minutes. At the same time I see ‘headlines’ from Nestle, Mercedes and oth…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest. Valley National Bancorp Declares Its Regular Quarterly Preferred And Common Stock Dividends Brookfield Property Partners Decl…

The 10 year treasury is up 2 basis points–but equities are barely moving. In 30 minutes we have the release of the FOMC meeting minutes from the January meeting. While we know in a general sense what might have been said at the meeting we will have mo…

Yesterday we got almost no movement in interest rates and resultantly pretty much no movement in income issue prices. The 10 year treasury yield closed at about 4.275%–and only traded a couple basis points (+/-) from there. The average $25/share prefe…

Below are press releases from companys with preferred stock and baby bonds outstanding–as well as just news of general interest. SiriusPoint reports 89.1% Combined ratio for its Core operations with Net Income up $742m from FY 22 CTO Realty Growth Dec…

Well time to get another week underway. We closed out last week with the highest 10 year treasury yield we have had in the last 3 months—just shy of 4.30% which was up 14 basis points from the previous Friday. Fortunately this rise in yields didn’t h…

In my helter skelter week I am a day late posting this—but as always the folks in Reader Alerts picked up on it right away. Thanks to J, Jerrymac, If you Prefer, SteveA and mbg for being on top of the details. The fixed rate reset issue priced at 8.2…

Once again with interest rates back up a bit and no rate cut coming for now from the Federal Reserve CD (certificate of deposit) rates have moved up a bit to levels that are once again pretty attractive. Fidelity and eTrade (as well as others I am sure…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest. Mortgage Rates Rise Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.73 per Share for the Fisc…

Well we had quite a bit of economic news released this morning–and like it has been for months and months some news was better than expected while other pieces of news were softer than expected. Looks like markets are ‘satisfied’ with the 10 year trea…

Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of a general interest. Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 Granite Point Mortg…