Looking at my accounts they are nicely green–not giant sized gains, but quite a few issues at the 1% gain mark. Certainly the 10 year treasury at 4.19% is helpful.
The S&P500 has been off about 1%–purely because of the 2% loss in the tech sector. NASDAQ drives the S&P500 bus most of the time–and certainly is today. After the rally’s that have occurred in the sector a setback was going to happen sooner or later–where it goes from here is anyone’s guess.
I took the opportunity today to add once again to my Spire 5.90% perpetual preferred (SR-A) position–I probably said I was full up on this one (which is a sock draw holding), but at $24.18 felt the 6.15% current yield was decent given the trend in interest rates. SR announced earnings in May and the gas utility is performing extremely well–nothing to lay awake about with this company.
Each day I also buy more CDs and have added some 3 month treasuries to the mix–just a continuous rolling of maturities while adding more preferreds and baby bonds here and there.
yes I like SR-A as a great income anchor when the yield is over 6% too, have a chunk of that too including small buy this week to add to it. Bea