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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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JPMorgan Chase Led U.S. Company Bond Underwriting for Third Year in 2010 |
Bloomberg - Jan, 3, 2011 - By Sapna Maheshwari
JPMorgan Chase & Co. retained its place for a third year as the top underwriter of U.S. investment-grade corporate bonds, leading banks managing $845 billion of sales in 2010.
The second-largest U.S. lender by assets managed 13.8 percent of the new issues with $101.6 billion of offerings in 496 transactions, excluding self-led sales, according to data compiled by Bloomberg. Bank of America Corp. and Citigroup Inc. retained the second and third places, respectively, while Barclays Capital displaced Morgan Stanley for the fourth spot.
“We had periods where things felt like a bull market with respect to market appetite and receptivity to deals, and then we had periods of time when it was very difficult to get transactions done,” said Therese Esperdy, head of global debt capital markets at JPMorgan Chase in New York.
Company bond supply ranged last year from as low as $33 billion in May to as much as $162 billion in September amid concern surrounding Europe’s sovereign debt crisis. Average investment-grade yields reached a high of 4.86 percent in January and a record-low 3.53 percent in November. Overseas issuers, led by corporations in Canada and England, accounted for 41 percent of offerings, the biggest portion ever.
Bank of America Merrill Lynch underwrote 12.5 percent of issues, or 552, valued at $91.6 billion, Bloomberg data show. Citigroup had a 9.6 percent market share, with 364 transactions totaling $70 billion, the data show. Barclays managed 328 issues that came to $62.7 billion, an 8.5 percent share. Barclays boosted its share from 8 percent in 2009, the data show.
‘Cross-Border Financing’
“Our cross-border financing business is a very significant component of our business, and it’s one of our core competencies,” Esperdy said. “That played a big part in our market presence in the U.S. dollar market.”
For the complete article: Bloomberg.com
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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