2023-04-09 01:09:08 ET
Summary
- We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching.
- Preferreds had a strong week as bank fears continue to recede.
- Many investors worry that banks may want to suspend their preferred dividends to protect their liquidity position in light of depositor flight.
- We also take a look at the mortgage REIT IVR common share dividend cut and highlight a portfolio rotation.
For further details see:
Preferreds Weekly Review: Are Banks Going To Suspend Preferred Dividends?