There’s still plenty of output in the recession Preferred stock market—even after recently productivity is reduced by half a point 10-year Treasury notes rose 3.7%.
Many priority issues offer yields of 6% or more and give investors good dividend security because they are a premium form of equity. Preferred holders also benefit because dividends, like dividends on common stock, are generally taxed favorably. The most preferred money in denominations of $25 – the so-called retail market – is traded on the New York Stock Exchange. This makes them more liquid and transparent than corporate or municipal bonds, which change hands on a more opaque decentralized market.
