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No. of Recommendations: 1
Sure thing Joel. I greatly appreciate the DD you have brought in the past with respect to those pfds as well. I have a few watch lists running including all of the Lehman 3rd party stuff, ETD's, structured products, etc. Similar to the price action last week as you obviously know in the pfds area, we are starting to see some shorter term corp notes dipping under par now that have not been in this price range in nearly 18 months. I know some folks don't care whether the bond is over par or not; but because I have such a huge carry over loss, I really do not want to add yet more capital losses to that tally. Incidentally if you are interested; there are some pretty sweet US STeel 2020 bonds with a 7.375% coupon that just dipped under par the last few days.

Regards
Brandon
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