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Popular Inc. Popular Capital Trust I -6.70% Cumulative Monthly Income Trust Preferred Securities
We take a look at the action in preferreds and baby bonds through the last week of September and highlight some of the key themes we are watching.
The exchange-traded preferred market finished lower for the third month in a row due to a combination of headwinds.
A number of niche senior security sectors such as mREIT and CEF preferreds have remained resilient during September which we continue to be overweight.