Wow, I see triple net lease REIT Store Capital (STOR) is being acquired for $14 billion at a premium to yesterdays closing price of about 20%. Press release is here.
I was pleasantly pleased to find the platform for bond buying on both eTrade and Fidelity is pretty straightforward to use. It has been years since I had bought any bonds except exchange trade debt (baby bonds) so a easy interface is welcome. As mentioned yesterday I was looking at some short maturity treasury’s and I did buy some 3 month, 1 year and 2 year notes at 3.6% to 3.92% yield to maturities–just a taste with some dry powder.
Economic news this morning is not showing any real weakness in the economy–jobless claims fell and retail sales were up–both better than expectations. The 10 year treasury hanging around 3.44%. S&P500 futures just off a tiny amount (1/5%)–looks to be a relatively quiet day.