- We take a look at the action in preferreds and baby bonds through the first full week of October and highlight some of the key themes we are watching.
- So far, October is shaping up to be another down month in the exchange-traded preferreds sector as the continued rise in Treasury yields is taking its toll.
- One advantage of this rise in yields is that higher-quality preferreds have started to look much more attractive than they have been over the previous few months.
- We also highlight new issuance from Gabelli Dividend & Income Trust, Healthcare Trust and Arbor Realty.
For further details see:
Preferreds market Weekly Review: Rising Yields Deliver A Positive Side-Effect