MITT - Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment
2024-06-02 15:46:51 ET
Summary
- We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching.
- Preferreds were mostly down on the week, however, remain largely in the green month-to-date.
- Recent senior security issuance has been steady for a number of reasons.
- We discuss recent issuance including MITP and TRINZ.
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 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 fourth week of May....
Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment