(This report was written by Landlord Investor for our Marketplace service Yield Hunting. Members received this report on Aug. 25 and gain access to Landlord Investor's personal portfolio.)
After some choppiness and basing action during May, June and half of July, the preferreds market has trended higher since 7/14. It's now within spitting distance of the range it was in a year ago. Part of the difference in the price of [[PFF]] from last year is attributable to issues being called and losses incurred to index re-positioning.
High rated preferreds have made