Duke Energy improves; Ally Financial positive; United States Cellular $25-par notes drop

By James McCandless

San Antonio, April 4 – The preferred space saw an extension of a weeklong positive streak on Thursday.

Leading trading, Duke Energy Corp.’s 5.75% series A cumulative redeemable perpetual preferred stock was seen improving

Meanwhile, in finance, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities also closed positive.

Sector peer Morgan Stanley’s series A floating rate non-cumulative preferreds ended slightly higher.

Elsewhere, telecom name United States Cellular Corp.’s 7.25% senior notes due 2064 saw a steep drop.

Insurance giant American International Group, Inc.’s 5.85% series A non-cumulative perpetual preferreds followed the market upward.

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