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As we had mentioned yesterday when we wrote we plan to add some $1,000 bonds to the 2015 model portfolio (as well as to our personal account). While we haven't owned $1,000 traditional bonds in the models before, mainly because of the lack of visible pricing, this one makes some sense to us.We will add the Transocean Sedco Ltd 2.50%…

Many income securities continue to perform well, in spite of the slow creep higher of interest rates.  The 10 year treasury was up 9-10 basis points on the week--just a perfect way to move higher (I mean if they are going to head higher a slow, few basis points a day works out very well).Owners of utility stocks and REIT's…

There is a strange rotation going on in the income investing segments of the markets. Today in particular, utilities, REITs and MLPs got pretty well creamed while preferreds and exchange traded debt moved up. In the last couple of years these markets have moved mostly in tandem--until the MLP's took their shellacking. In giving some thought to this we believe…

 Date Issued   3/28/2013Shares Issued  3,000,000   Overallotment  450,000S&P Rating  BBB-Security Ticker Symbol   FSCFLMarket Traded ON   NYSEInterest Payment Paid on the 30th of January, April, July and Ocober beginning on 04/30/2013Quarterly Interest   .383   Annual Interest   1.531Securities may be redeemed, at the issuers option, as early as 4/30/2018 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions.  Payments are…

After hitting a low yield of around 1.67% last week the 10 year treasury has popped up to 2% today. So far the 33 basis point rise hasn't had visible damage in a major way except for to the utilities, which have been overheated. It should be recognized that preferred stocks and exchange traded debt have fallen off as well--but just in…