Articles on preferred stocks and baby bonds.

How the securities are built, how they are priced and how to hold them. Written for investors buying $25 securities on an exchange.

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Strategy · Sep 25, 2026

The Basics of Business Development Companies (BDCs)

BDCs, occupy a unique niche in the investment landscape. They give ordinary investors a way to participate in private credit and middle-market lending — strategies that were once the exclusive province of institutions and the ultra-wealthy.

YieldDesk · 6 min

Strategy · Jul 20, 2026

Building an income portfolio with preferreds and baby bonds

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ReferenceMethodology · how the scores are built Glossary · the terms, defined Disclosures · sources, delays and limits

Spreading holdings across issuers and sectors, across call dates and across security types separates a built income portfolio from a stack of high yields.

YieldDesk · 4 min

Strategy · Jul 20, 2026

Understanding call provisions and call risk

Thirty days' notice is all most issuers owe before redeeming a security at par, and that option, held entirely by the other side of the transaction, shapes how every preferred and baby bond is priced.

YieldDesk · 3 min

Strategy · Jul 20, 2026

Current yield, yield to call and yield to worst

Three yield figures accompany nearly every preferred and baby bond listing, and a premium-priced security can advertise a 6.7% current yield while delivering barely 4.8% to its call date.

YieldDesk · 3 min