The S&P500 opened last week at 2971 level and ended the week at 2990–darned quiet overall.
The 10 year treasury opened the week around 2.03% and then drifted lower for the next couple days all the way down to 1.94% on Wednesday. Friday brought the strong jobs report which launched the yield back to 2.07% before finally closing the week at 2.05%.
The Fed Balance Sheet data for last week was not released because of the July 4th holiday. We should see this data sometime today.
The average $25 preferred stock and baby bond rose by 7 cents last week and is now at $24.99/share. The previous week we had seen the average price drop as huge numbers of issues went ex-dividend so we bounced back a bit as one might expect. There are now 179 issues trading at $25 or less as compared to 206 last week–bargains are becoming more and more difficult to find (as we all know) as these prices rise.
We had no new income issues announced last week–not unusual for a holiday week as folks are on vacation many times.