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Trying to predict movements in interest rates on a day to day basis is certainly a fools errand and markets prove it everyday. Yesterday we got a gross domestic product (GDP) report that was strong – stronger than anticipated. On the surface one would…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. Midland States Bancorp, Inc. Announces 2023 Third Quarter Re…

I added a low ball Good Until Cancelled order this morning for the XAI Octagon 6.50% term preferred (XFLT-A). I currently hold a full position, but at the right price I am not against adding another 100 shares (for now). This has a mandatory redemption…

We will have an important piece of economic data in an hour when Gross Domestic Product (GDP) is released. Right now earnings have been driving equities lower — and this morning equities are looking pretty darned weak, based on earnings from big tech….

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. NuStar Energy L.P. Declares Third Quarter 2023 Common Unit D…

I spite of some super attractive yields in even investment grade preferreds and baby bonds they can get no traction–at least to the upside. It seems that in spite of tons of liquidity folks simply would prefer to take a inferior yield to have the comf…

What is normally a ho hum report became more important this morning as the sales of new homes came in hot, hot, hot. The forecast was for sales of 680,000 units but the actual came in at 759,000—way stronger than us that are looking for economic news…

The 10 year treasury closed at 4.84% yesterday and is trading at 4.86% right now–I expect the trading day will see movement in a very narrow range. Tomorrow we get the 3rd quarter gross domestic product (GDP) report–the forecast is for +4.7% which is…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. PacWest Bancorp Announces Results for the Third Quarter 2023…

The flash Composite PMI came in slightly stronger than expected–although it notes that employment is softening somewhat. Does this bode well for a soft landing? The report also made note that inflationary pressures are easing a bit. Seems to me the re…

Yesterday I was watching the business news at 5 a.m. and the 10 year treasury was trading around 5.02%—I said to myself ‘here we go–5% and heading higher’. Of course the next time I looked it was back under 5% and dropping. Finally ending the day at…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. First Guaranty Bancshares, Inc. Declares 4th Quarter 2023 Pr…