Fannie Mae (FNMA)

[Donotunderstand]

Have we hit the preferred v common pivot point - when the common have a perceived risk reward BETTER than the preferred ?

Seems Preferred got to the 1/3 of PAR

Seems common go to 1.81-1.83 ish

And --- around the edges --- we might be seeing selling of preferred shares and buying of common


(or they could be independent but I do think today was a lot of trading out and maybe now in to commons????????)