This is probably the worst day I have had personally in a while–not so terrible that I am a seller, but instead a bit of a buyer.
I added to my Nextera 5.125% baby bond (NEE-I) as it was one of many investment grade issues taking a hit today. THE BABY–ALL BABIES are being tossed out.
Don’t know if anyone caught the ‘dumps’ in the Ellsworth Growth and Income 5.25% (ECF-A) issue or the Gabelli Dividend and Income Trust 5.25% perpetual (GDV-G)—both issues tossed out by holders–I have orders in for both, but after the initial tumble the ‘ask’ was raised up and no one wants to let me have any. I will leave orders in through the day in case someone wants to give me some shares.
I am getting hammered with the VER-F 6.70% perpetual from VEREIT—I’m holding for now–subject to change of course.