Q: I've been trying to figure out this inflation/interest rate mess as it relates to my RRSP. I dumped a bunch of low rate government strip bonds in January and I'm thinking of replacing them with these 3 preferreds. They're fixed-rate resets yielding in the 5 to 6% range. They are all below the recall price. I know that trade volumes are low. What do you think?

Q: Further to Jerry’s June 18 question on TA prefs. In addition to general market weakness prefs were recently downgraded to P4-H by S&P. This would precipitate selling by holders prohibited from holding non investment grade securities.

Q: Any thoughts on Transalta Preferred H? Price keeps declining and currently yields over 8.6%. The reset is more than 3 years away! Am I missing something?

Jerry