- We take a look at the action in preferreds and baby bonds through the second week of February and highlight some of the key themes we are watching.
- The sell-off in the preferreds market has accelerated in February which has now delivered worse performance than all of January.
- The sharp rise in front-end Treasury yields has supported Fix/float securities over fixed-rate securities.
- We highlight PSEC-A credit metrics and recent issuer results, TWO as well as a number of Bank preferreds.
For further details see:
Preferreds Market Weekly Review: Fix/Float Securities Get A Boost