On the supply side of the U.S. preferred stock market, issuers held off during July, waiting to see if the Fed was going to deliver the expected interest rate reduction on July 31 (which they did). On the demand side, expecting a rate drop, market participants had already bid up the price of existing income securities (since they pay a higher dividend than those to be issued after the anticipated rate drop on July 31). As the month came to a close, the average market price for all U.S.-traded preferred stocks was ...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button by my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button by my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
