based on the annualized amt paid ib 1/12 is still 4.02%. However--- pps must be watched closely since 36% is invested in big financials ( am personally quite skeptical about the true fncl condition of the lot of these)
It might be worth remembering that the LQD does not hold stock, it holds debt insturments. If anyone defaults on these, they are likely to already be in receivership/bankruptsy.d.
???all I want is 50 basis pts more in pps ( half a buck give or take) and I am a seller. IMHO big bank bonds are not where I want have my $$