Flagstar Bank's 6% Baby Bond Trades 29% Below Its $50 Par a Year After Holding Co. Merger
Flagstar Bank's 6% Series U baby bond closed at $35.48, nearly 29% below its $50 principal amount, more than a year after the bank absorbed its…
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Bonds & Rates
Treasury and sovereign yields, bond ETF payouts, and exchange-traded baby bonds trading away from par.
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Bonds & RatesNews
DTE Energy Baby Bond DTB Trades 41% Below Par as AI Power Demand Headlines Mount
DTE Energy's DTB baby bond trades near $14.79, a roughly 41% discount to its $25 par value, yielding 7.40%, even as separate coverage ties the utility's prospects to rising AI and data center power demand ahead of its Q3 earnings release.
Bonds & RatesNews
DTE Energy's Two Junior Baby Bonds Trade Near 40% Discount Despite Different Call Dates
DTE Energy's 4.375% baby bonds DTG and DTB both trade near a 40% discount to par despite differing call dates, a pattern suggesting long-dated interest rate exposure is outweighing near-term call risk in utility junior-subordinated debt.
Bonds & RatesNews
B. Riley Senior Notes Trade as 'Common Stock' Under BRC Group Holdings, Yield Hits 6.67%
B. Riley Financial's 5.25% Senior Notes due 2028 trade on Nasdaq as RILYZ under the name BRC Group Holdings, tagged as common stock. The notes trade near $19.67, below an implied $25 par, producing a 6.67% current yield.
Saratoga Investment Corp's 8% Baby Bond Holds Near Par Amid CFO Transition
Saratoga Investment Corp's 8% baby bond SAJ traded near par as the BDC announced a CFO transition and new leadership team, a governance shift…
Qwest Corporation Baby Bond CTBB Moves to OTC Pink, Leaving Yield-Seekers With Thinner Trading
Qwest Corporation's CTBB baby bond has shifted from exchange trading to OTC Pink, where it last changed hands at $19.40, well below its $25 par…
IEF's Monthly Payouts Have Risen for Four Years Even as Treasury ETF Trades Near 52-Week Lows
IEF's monthly distributions have grown for four straight years even as the bond ETF's price languishes near 52-week lows, a divergence rooted in how…
Bonds & RatesNews
Brighthouse Financial Baby Bond BHFAL Trades Near 40% Below Par After Stock's Earnings Slide
Brighthouse Financial's BHFAL baby bond trades roughly 39% below its $25 par value with a 10.58% yield-to-worst, a gap that widened after BHF stock dropped more than 13% following a second-quarter earnings miss.
Bonds & RatesNews
Algonquin Power's Floating-Rate Baby Bond AQNB Trades Above Par Despite Being Callable
Algonquin Power's 6.20% baby bond AQNB trades near $26.22, a premium to its $25 par value, even though the note has been callable and floating-rate since July 2024, an unusual pattern for the sector.
Aegon Funding's AEFC Baby Bond Trades 28% Below Par With 7.11% Current Yield
AEFC, a 5.10% baby bond from Aegon Funding Company LLC, trades near $17.93, a 28% discount to its $25 par value, producing a 7.11% current yield and…
Air T's 8% Baby Bond Trades at Steep Discount as Rex Engine Supply Issues Persist
Air T Inc's exchange-traded 8% baby bond AIRTP trades near $18.75, a 25% discount to its $25 par value, yielding 10.67% currently and 11.01% to…
Russia's 10-Year Yield Climbs to 16.18% as War-Economy Pressures Mount
Russia's 10-year government bond yield has risen to 16.18%, up 2.88 percentage points year-over-year, as Ukrainian drone strikes on refineries, a…
Bonds & RatesNews
10-Year Treasury Yield Rises to 4.74% as Debt Tops $40 Trillion, Bessent Weighs Intervention
The US 10-year Treasury yield edged up to 4.74% as national debt surpassed $40 trillion. Prediction-market bettors doubt Bessent's planned intervention will push yields lower in 2026.
Bonds & RatesNews
Options Traders Bet 2026 Bond Rout Is Over as Druckenmiller Warns Bessent on Treasury Meddling
Options markets show large bets that the bond selloff is ending just as Stanley Druckenmiller publicly warns Treasury Secretary Bessent against interfering with Treasury yields, a tension income investors are watching closely.