All of the income issues–no matter how good or how junky are really popping today. I just reviewed some utility issues and they all seem to be up 25 to 50 cents. The 1 issue I bought late last week is up 78 cents since purchase. Wow!!
Again I don’t think that prices are moving on anything more than BS and computer trading–I do know that the algo momo folks love this movement–get on and ride the wave-at least for a few hours.
From last Fridays close here is what the $25/share preferreds and baby bonds look like.
The grand total average share is up 61 cents. Banks are up 68 cents, mREITs 50 cents, investment grade 60 cents, CEFs just 33 cents (but they fell the least last week) and lastly the shippers are up $1.26.