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Preferred Stock ETFs Press Higher, Ignore Interest Rate Spike

TedTed
in The Bullpen
FYI: February was a volatile month for interest rates and asset classes traditionally linked to machinations in the bond markets. The CBOE Interest Rate 10 Year Note
TNX
spiked from a low of 1.67 percent to a high of 2.00 percent last month amid a strong bid for stocks.

This spike higher in rates led to a selloff in the iShares Barclays 20+ Yr Treas.Bond (ETF)
TLT
, Vanguard REIT Index Fund
VNQ
and even the Utility Select Sector SPDR ETF (Utilities SPDR (ETF))
XLU
. However, the asset class that shrugged off this macro-economic headwind and continued to new highs is preferred stocks
Regards,
Ted
http://www.benzinga.com/etfs/sector-etfs/15/03/5302472/preferred-stock-etfs-press-higher-ignore-interest-rate-spike

(Over the years I have owned many preferred stock, never lost a dime, and in 2009 bought PFF which has payed a monthly dividend between 5-6% month in month out.)
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