ECCV - Preferreds Weekly Review: Comparing Term And Perpetual Preferreds
2024-01-28 10:03:46 ET
Summary
- We take a look at the action in preferreds and baby bonds through the third week of January and highlight some of the key themes we are watching.
- Preferreds were flat despite rising Treasury yields. Month-to-date, the higher-beta sectors outperformed.
- There are arguments on both sides when allocating between term and perpetual preferreds.
Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as the top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving markets or that investors ought to be mindful of. This update covers the period through the third week of January....
Preferreds Weekly Review: Comparing Term And Perpetual Preferreds