Preferred stock and baby bond markets remain stable with tight credit spreads, but yields have increased due to rising long-term interest rates. A key court ruling supports fixed coupons on LIBOR-based preferreds after LIBOR ended, benefiting fixed-rate securities. Saratoga issued a new 8% bond while redeeming older ones to manage liquidity amid high leverage. The merger of MITT and CHMI reduces risk by increasing agency mortgage-backed securities exposure, with some bonds offering attractive yields around 9.2%. These developments highlight cautious optimism and strategic moves in the preferreds and baby bonds sector.
Bitcoin reached a four-month high of $81,500 before consolidating, supported by $3.5 billion in August spot Bitcoin ETF inflows and $731 million on Sept. 3 alone. Bond market stress resumed with yields hitting 20-year highs, fueling a narrative of in...
Applied Aerospace & Defense shares have fallen 35% since their IPO, reducing valuations to below 3x sales and 14–15x EBITDA. The company shows improving earnings visibility and a growing $1.13 billion backlog, with second-half revenue guidance indica...
Tyra Biosciences has been downgraded to a Hold rating as it approaches critical phase 2 trial results for its drug dabogratinib, targeting FGFR3-altered IR-NMIBC patients. The company faces significant near-term risks and opportunities from multiple ...
On October 5, 2026, Ethena Foundation will release approximately 1.41 billion ENA tokens held by original investors in a single event, ending the previous monthly vesting schedule 17 months early. This release represents about 14% of the circulating ...
Polestar reported weaker-than-expected Q2 revenues due to a 4% drop in deliveries, causing an 8.1% year-over-year revenue decline. The company also lowered its production growth forecast for 2026 to a maximum of 5%, reflecting ongoing delivery and pr...
