Interest rates have moved lower again after toying with the 2.50%’s the last number of days.
Additionally the FED FOMC minutes have just been released and the majority of FED governors believe no further rate hikes should occur for the balance of 2019. Of course we shall see where we go from here.
The average preferred stock and baby bond is off 1 penny this afternoon–you could call that pretty darned quiet. We do note some of the PS Business Park preferreds off 1 percent–no apparent reason–they just went too far, too fast I guess and someone wants to lock down some profits.