Midday Commentary: No new issues come as week winds down; Goodrich sees offers, but no bids

By Stephanie N. Rotondo

Phoenix, April 5 - A preferred stock trader said Friday's session was a quiet one.

"The Treasuries rallied with the bad jobs numbers, but that didn't really effect our market all that much," he said.

Additionally, no new issues were announced Friday morning and the trader said he was "not hearing anything new for next week."

From Thursday business, Goodrich Petroleum Corp.'s 10% series C cumulative preferreds were seen at par less 23 cents offered, but with no bids, according to a trader.

"Nobody is playing in it," he said.

NorthStar Realty Finance Corp.'s 8.5% series D cumulative redeemable preferreds - a deal that priced Wednesday - was meantime pegged at $24.95.

Though a market source had said that the issue had freed up by late Thursday, a trader said at midday on Friday that he did not think the securities were free to trade just yet.

Among other issues from the week, Digital Realty Trust Inc.'s 5.875% series G cumulative redeemable preferreds were seen trading at $24.80.

That issue came on Tuesday.

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