Well it is another kind of quiet day–common shares are off, but just by .37%–essentially unchanged. The 10 year treasury is up 9 basis points–trading at 4.61%. All in all I like watching paint dry–just collect dividends and interest and not have to worry about capital movement.
As I mentioned earlier today I planned to buy some of the SiriusPoint 8% reset preferred—I think this is a ‘sock drawer’ holding now with good financials reported yesterday and a current yield and yield to 1st call of around 8% hopefully the share price behaves itself (trades flattish). With the reset spread at over 7% in 2/26 which is added to the 5 year treasury one would have to believe the company will call the issue at the 1st available time (2/26)–of course a lot can happen in 2 years. I had to pay $25.19 to snag some shares.