Ally Financial higher; Digital Realty improves; Energy Transfer follows positive swing

By James McCandless

San Antonio, April 2 – The preferred market saw a mostly positive session on Tuesday.

Leading trading, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities moved higher.

Elsewhere in finance, Citigroup Capital XIII’s 7.875% fixed-to-floating rate trust preferred securities followed the positive trend.

Morgan Stanley’s series A floating rate non-cumulative preferred stock and its 6.875% series F fixed-to-floating rate non-cumulative preferreds ended mixed.

Real estate investment trust Digital Realty Trust, Inc.’s 5.85% series K cumulative redeemable preferred stock led trading upward.

In energy, Energy Transfer LP’s 7.375% series C fixed-to-floating rate cumulative redeemable perpetual preferred units improved.

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