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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
|
3.00% |
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S&P California Bond Index
|
2.96% |
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S&P New York Bond Index
|
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
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
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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Fed Saw Economy Needing Bond-Buying Program |
THE ASSOCIATED PRESS - Jan. 4, 2011
Federal Reserve officials stuck with the pace of their $600 billion Treasury bond-buying program last month because the economy wasn't improving fast enough to make a noticeable dent in unemployment.
Spending by consumers and businesses had improved heading into the final month of 2010, and Congress was on the verge of enacting a tax-cut package that would bolster the economy, Fed officials said. That made them more confident the economic recovery would gain momentum, according to minutes of the Fed's closed door meeting on Dec. 14.
Risks still loomed, the minutes said, particularly a weak housing market and spending cuts and layoffs from state and local governments. So the Fed voted 10-1 to stick with its plan to buy the bonds through June to try to lower interest rates, spur spending and lift stock prices.
Still, with the economy gaining strength, the risks of deflation have "receded somewhat over recent months," the Fed minutes said. Deflation is a widespread drop in prices, wages and in the values of homes and stocks. A fear of deflation was one reason the Fed launched the bond-buying program.
With unemployment high and factories still operating well below capacity, "slack" in the economy will keep a lid on inflation, Fed officials said. Businesses have limited ability to increase the prices they charge to customers, they said. And the weak labor market is limiting the power of workers to negotiate big wage gains, the minutes said.
Fed officials said they would regularly review the pace and the size of bond-buying program in the months ahead. The Fed left open the door to buying less if the economy strengthens more than expected, or buying more if it weakens.
For the complete article.
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