2024-02-04 09:09:56 ET
Summary
- We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching.
- Preferred stock and baby bond market had a good week with most sectors finishing in the green.
- The article discusses the curious case of Aspen insurer preferred AHL.PR.C and how the coupon conversion worked on the first call date.
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 the 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 January....
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For further details see:
Preferreds Weekly Review: AHL Preferred Gets Stuck Near Libor Peak