2024-05-05 02:07:10 ET
Summary
- We take a look at the action in preferreds and baby bonds through the fourth week of April and highlight some of the key themes we are watching.
- Most preferreds sectors were up on the week, but the overall market is down for the month.
- MFA's 9% bond started trading and rallied out of the gate.
- We recently rotated into Ready Capital RCB bond from its sister bond RCC.
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 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 April....
Read the full article on Seeking Alpha
For further details see:
Preferreds Weekly Review: Second MFA Bond Starts Trading