Replies to post #4698 on Lehman Preferred Series "J" Preferred (f

[snowydog]

thank you. that will work.

So in essence, if bond prices are going up, that is an indication that there is more certainty that debtors will be paid - and good news for us.

[db_s99]

Very nice, thanks.

[snowydog]

OK, sorry for the NEWB question- I am trying to figure this out. Coach made this comment earlier:

"Bonds traded firm all day long.
Some of the Sr. Bonds hit new highs for the year. $.18375+.
Jr. Bonds have firmed to $.115-$.135.
Still a long way to go but now turned in the right direction! How about a move into the high $.20's before the June 30 Balance Sheet gets released the week of Nov. 30, 2009."

But the bonds you are listing are all in the $13-$18 dollar range. Are we talking about the same class of bonds?

[snowydog]

Still tracking the bond prices- trying to figure them out...

Since the 19th (of the 20 corporate bonds that were posted) 13 of them are up or unchanged an average of 10+%. A few are down, but a vast majority are up. The 2012 bonds seem to be up the most - around 25%.

Interesting. I would love to start seeing a correlation.

[snowydog]

Still watching the lehman bonds. Since the 24th, 17 (of 20) series of corporate bonds are up an average of 20%. Trend is in the right direction.