It appears, Jamie Dimon sold JPM preferred and bought common
I believe I already mentioned that bonds are no longer an income investment. Those who are buying them are buying capital preservation, not income. They may get neither. In fact, some sovereign issues are paying negative interest rates.
I am not buying bonds except some small positions (less than 5% of my holdings) in well-established high-yield bond mutual funds that spread their risk across hundreds of different issuers. I have not purchased an individual govt. or corporate bond for at least three years and don`t intend to at these rates.