Rates Rally, Spreads Tighten and Preferreds Rebound

Published on May 14, 2026

April delivered a constructive backdrop for preferred securities, with the ICE BofA Fixed-Rate Preferred Securities Index rebounding 2.23% and bringing YTD returns back into positive territory at 0.8%.

Continue reading on website
Other news

US Department of Labor reinforces English language proficiency requirements for foreign workers operating commercial motor vehicles

May 14, 2026
WASHINGTON – The U.S. Department of Labor’s Office of Foreign Labor Certification today issued sub-regulatory guidance in the form of frequently asked questions to clarify the information employers are required to provide when seeking foreign workers who will be engaged in the operation of a commercial motor vehicle. Specifically, the FAQs now clarify that all job orders and applications for tempo

Apollo’s Pricing Plan Will Transform Private Credit

May 14, 2026
Apollo Global Management Inc. announced last week that it will soon provide daily pricing for its private credit. It may not sound like a big move, but its decision to lift the veil on these assets could be the most impactful development in financial markets and investing in a long time.