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The big banks are reporting today and so far all of them that I have seen are beating lowered expectations–so far higher interest rates have not brought the world to an end. I think that we are a few quarters away from seeing banks taking large write…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts tomorrow with the community and regional banks reporting later in the month…

I have had my eye on the price of crude oil for a few weeks–many folks on the website believe that ‘as oil prices go inflation goes’. Certainly there is a correlation – oil flows through to such a huge number of finished goods of all sorts that large…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week with the community and regional banks reporting later in the…

With the better than expected consumer prices announced this morning interest rates have continued there downward tumble–the 10 year treasury is now trading around 3.89% which is off 9 basis points from yesterday. With the core CPI announced at .2% mo…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week with the community and regional banks reporting later in the…

After the 10 year treasury hit 4.09% yesterday we have seen a backing off to under 4% today—as low as 3.97%. $25/share preferreds and baby bonds are up a little bit today–maybe 10 cents on the average share–but really I think they are just in a wai…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week with the community and regional banks reporting later in the…

It is likely that most of you know that Ashford Hospitality (AHT) has announced it is likely they will be turning the keys to 19 hotels back to the lenders–they currently have 100 hotels in the portfolio. The news release is here. Given the history of…

The S&P500 fell by just over 1% last week in what was a holiday shortened trading week. At 4398 the index remains just over 1% off of a 52 week high. Interest rates closed at 4.05% (the 10 year treasury) which was a giant jump of 23 basis points fr…

We are awaiting the employment report–the ‘official’ report from the government. While I question the reports coming from the government they are what they are and markets will react. Equity markets are just waiting–little movement. I am back to watc…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week. Mortgage Rates Continue to Climb Harbor Custom Development,…