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John pointed out that we had the Alabama Power listings messed up on the SWAPS page.  He was correct--we believe we got these corrected and additionally checked and corrected any Alabama Power listings throughout the website.  Thanks JohnJonathan commented that he wasn't buying the new JPMorgan Chase preferred shares because they were perpetual.  He speculated that the value was maybe…

JPMorgan Chase has sold a new preferred offering.The shares are non-cumulative and are typical traditional preferred shares--redeemable in 5 years, qualified dividends and quarterly paying. The issue is investment grade.This issue began trading on the OTC market on Friday and you can buy the issue 'wholesale' now for $24.80-24.90.Details of the issue are here.JPMorgan Chase currently has 3 other issues trading…

 Date Issued   2/5/2015Shares Issued  48,000,000  Overallotment Shares  7,200,000S&P Rating   BBB-   Moodys Rating   Ba1Low Investment Grade at IssueSecurity Ticker Symbol   JPM (Likely JPM-F)OTC Temporary Ticker  JPQMPCUSIP  48127R461  Market Traded ON   NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 06/01/2015Quarterly Dividend   .383  Annual Dividend  1.531 Securities may be redeemed, at the issuers option, as early…

The day is interestingly quiet after the very strong jobs report (including huge revisions in prior months). Whether you believe the number--or just take them with the large grain of salt, as we do, you have to be cognizent of the effects they have on interest rates.The 10 year treasury jumped 10 basis points on the employment news which continues…

Another day of watching crooks and thieves (everyone pushing markets around--legally or illegally) move the markets around makes one very skeptical of all activity in stock and bond markets. While we are benefitting from the upward movements we would be more than happy to see movements of 1/3rd the current levels. If you have time to sit and watch the…