- We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching.
- November wrapped up as the worst month for preferreds since March of 2020 with the first days of December seeing some stabilization.
- We discuss the risk of Libor termination for preferreds portfolios and a few suggestions for mitigating it.
- We also highlight recent issuance in the CLO Equity CEF space as well as taking advantage of heavier-than-usual selling on ex-div dates.
For further details see:
Preferreds Market Weekly Review: Managing Libor Termination Risk