Fixed income securities have been under pressure in 2022 from several fronts: rapidly increasing interest rates, higher inflation, global uncertainty in (what we hope is) the tail-end of the COVID-19 pandemic and topping it off, the Russia-Ukraine war. Despite all this, there is some good news for investors: yields in some pockets of the fixed-income space have now increased to the point where meaningful income is available, especially in coupon-rich segments like U.S. Preferreds. To illustrate, we highlight the features of a pair of adjustable U.S. Preferred issues from two major financial services issuers: one recent, and one completed several months ago.