Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[coach tequila]

MORE PROOF LEHMAN ASSETS USED AS COLLATERAL ARE INCREASING IN VALUE! THE NEWS JUST KEEPS GETTING BETTER!

Bundesbank Lehman Asset Sale to Benefit From 6-Month Bond Rally

http://www.bloomberg.com/apps/news?pid=20601100&sid=aK6nPi.j2kuE

Prices in the 2.2 trillion-euro market for bonds backed by consumer debt, corporate loans and real estate have rallied amid growing investor confidence that the worst of the global recession may be over. Asset values had plunged to record lows after securities linked to U.S. subprime mortgages tumbled and credit markets began to freeze in August 2007.

Yield spreads on top-rated prime mortgage-backed notes have narrowed to 155 basis points more than benchmark rates, down from 425 at the start of the year, JPMorgan Chase & Co. data show. Yields, which move inversely to prices, are near the lowest since July 2008. A basis point is 0.01 percentage point.

The question is how much have prices rallied???

Thanks to all the men and women serving and who have served in the defense of our country!

Coach T