Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AGNC Investment Corp. > News item |
Annaly Capital preferreds decline; State Street weakens; Qwest $25-par notes higher
By James McCandless
San Antonio, July 3 – Top traders in the preferred space were mixed amid a rising broader market on a shortened pre-holiday trading session.
Real estate investment trust Annaly Capital Management, Inc.’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferred stock declined.
Sector peer AGNC Investment Corp.’s 6.875% series D fixed-to-floating rate cumulative redeemable preferreds gained.
Meanwhile, in finance, State Street Corp.’s 5.9% series D fixed-to-floating rate non-cumulative preferreds saw a weak day.
U.S. Bancorp’s 6.5% series F non-cumulative perpetual preferred stock improved.
Elsewhere, in communications, Qwest Corp.’s 6.5% notes due 2056 ended the session higher.
Annaly Capital off
Leading trading on a short day ahead of the Fourth of July holiday, Annaly Capital’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferred stock saw a decline.
The preferreds (NYSE: NYPrI) were down 3 cents to close at $25.07 on volume of about 274,000 shares.
On Tuesday, the preferreds picked up 7 cents.
Sector peer AGNC’s 6.875% series D fixed-to-floating rate cumulative redeemable preferreds spent the day gaining.
The preferreds (Nasdaq: AGNCM) added 10 cents to close at $25.31 with about 110,000 shares trading.
State Street weaker
Meanwhile, in the finance space, State Street’s 5.9% series D fixed-to-floating rate non-cumulative preferreds saw a weak day.
The preferreds (NYSE: STTPrD) shaved off 2 cents to $26.48 on volume of about 262,000 shares.
U.S. Bancorp’s 6.5% series F non-cumulative perpetual preferred stock was better by the end of the trading day.
The preferreds (NYSE: USBPrM) improved by 15 cents to close at $27.18 with about 142,000 shares trading.
Qwest higher
Elsewhere, in communications, Qwest’s 6.5% notes due 2056 ended the session higher.
The notes (NYSE: CTBB) were up 6 cents to close at $23.41 on volume of about 119,000 notes trading.
Indexes up
The Wells Fargo Hybrid & Preferred Securities Financial index was up 0.11% to end the day, climbing back up from a 0.06% decline in early Wednesday activity.
The iShares US Preferred Stock ETF was up 7 cents to $36.96.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.