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11 a.m. In a continuation of the trends from all week perpetual preferreds and long duration baby bonds are getting the tar beat out of them.    This is something that happens when interest rates rise sharply and is the same price action we have seen over the years--when rates move higher high quality preferreds and baby bonds move much…

S&P Rating  BBB- Security Ticker Symbol   AFGE Market Traded ON   NYSE Interest Payment Paid on the 30th of March, June, September and December beginning on 12/30/2014 Quarterly Interest   .3906   Annual Interest   1.563 Securities may be redeemed, at the issuers option, as early as 09/30/2019 for a redemption price of $25/share plus accrued interest Interest Payment Will NOT be Qualified Distributions.  Payments are…

Wow, who would have guessed that after the DJIA being down over 800 points Tuesday night and the 10 year treasury being off 10 basis points (it was trading in the 1.73% area over night) that we would end the trading day with a DJIA gain of over 250 points and a 10 year treasury at 2.07%. While the DJIA…

After last nights Trump presidential victory Dow futures fell more than 800 points as financial markets were stunned.  This morning the futures are more reasonable being down only 300-350 points. We will take the opportunity to try to buy some bargains today--if they appear.  In particular we will be looking at the REITs as many of those are down 20%…

We stepped up today and added a high yielding REIT to our Blended Income portfolio.  We purchased 1,000 shares of New Senior Investment Group (NYSE:SNR) for the model. SNR was previously a part of Newcastle Investment which was spun off in November, 2014. SNR is a large owner of senior living properties and the most attractive part of the company…