Investment grade as well. It seems to be exceptionally low at this time.
What is pressuring the preferred shares when the common is doing so well?
The fear of higher rates is affecting much of the credit universe...
Check out AFSI-PA and AGIIL.
Good question. Ago's preferred shares are rated BBB+ and A-. That's pretty good, but I suppose they're selling at a discount to par value because of fear about municipal bk's?