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Preferreds, including perpetuals, are down a little this morning–but we are talking nickels and dimes. With the 10 year treasury still up 9 basis points at 4.62% it could have been much worse–part of the damage has been mitigated by the S&P500 fi…

This will be a wild ride today as the consumer price index comes in very hot with almost all numbers above forecast. The 10 year is at 4.63% right now which is 9-10 basis points higher than yesterday. Equities are off around 1%. Perpetuals are going to…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. CNB Financial Corporation Announces Quarterly Dividend For Common Stock ARMOUR Residential RE…

I have added a menu item in the right hand column menu for Spam reporting. If you notice true SPAM (or you think it is true SPAM) please report it there. I will try to check that page a couple times a day. I had a SPAM page before–but now I have put t…

As many folks know I am less than thrilled each time Federal Reserve officials yak–and that goes doubly when the Chair speaks as he will today and tomorrow. In this case the whole thing is a ‘dog and pony show’—not really of much use as congressiona…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter and Full Year 2024 Result…

Well we almost certainly have another exciting week to look forward to –up or down who knows, but likely in both directions. Last week the S&P500 moved up just 1/2%, but moved in about a 2% range. This week we have the consumer price index (CPI) a…

Well not really Freaky Friday—we should all know after a few weeks of a new administration that pretty much anything can happen. We got employment numbers that were slightly better (overall) than forecast. New Jobs were a tiny bit light for January,…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Regency Centers Reports Fourth Quarter and Full Year 2024 Results Vornado Declares Quarterly…

Banker Heartland Financial (HTLF) has completed its merger with UMB Financial (UMBF). Heartland had a 7% fixed rate reset preferred outstanding (HTLFP) which has now become UMBFP with the same terms and condition. This preferred converts to floating ra…

Without economic news and without any new major announcements from the new administration it is starting off as a quiet day in all markets. Jobless claims came in at the area of the forecast so nothing new there. Everyone is waiting for the ‘official’…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Great Elm Group Reports Fiscal 2025 Second Quarter Financial Results Enstar Group Limited Ann…