ECCV - Preferreds Market Weekly Review: Getting A Handle On Forward Yields

• Preferreds Market Weekly Review: Getting A Handle On Forward Yields.
• Preferreds had a strong reversal this week, rallying more than 1%, wiping out month-to-date losses.
• We take a look at how investors can gauge and compare preferred stock yields after Fix/Float securities switch to a floating-rate coupon.
• We also highlight the new Sachem Capital bond which looks less attractive than the issuer's other bonds.
• With the Treasury yield curve sharply flattening over the previous month longer-duration securities offer less of a yield pick-up - we see value in shorter-duration bonds.

For further details see: