The softer market today has opened a few opportunities for conservative folks.
The 5% Tri-Continental preferred (TY-P) has fallen back on lite volume–I bought 100 shares at $54.85–I see it wants to go a little lower. This $50 issue is callable at $55/share anytime. The CEF had a 4500% asset coverage ratio as of 12/31/2019.
There are bunches of utilities that have set back 1-3%–maybe there is an opportunity there for those looking.
Here is a list of investment grade CEF and investment grade issues (preferred and baby bonds). This is for folks looking for safety–but willing to take some interest rate risk.