AT&T preferreds up as company awaits anti-trust decision; Citigroup down

By James McCandless

San Antonio, May 1 – Traders reported an active and positive day in the preferred market Tuesday with news driving much of the activity.

AT&T, Inc. preferreds rose as its anti-trust trial against the Department of Justice concludes and the company awaits a decision.

Citigroup Inc. preferreds led in volume, leading traders to think that notes will be redeemed in the near future.

Energy Transfer Partners, LP’s new preferred units climbed.

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