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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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| 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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Bonds Set For Another Bull Year |
Forbes.com - Jan. 5, 2010 - by Matthew Craft
Think Uncle Sam's profligacy will drive up bond yields? A Prudential fixed-income strategist says no.
With the Federal Reserve expected to lift interest rates this year and the U.S. economy seemingly poised to rebound, the bond markets long winning streak is at risk. Why buy bonds when you know that higher interest rates will soon sink their price? The end of the bond bull run may come soon, said Robert Tipp, chief investment strategist for Prudential Fixed Income Management.
But not this year.
"We're in the eighth or ninth inning of a 30-year bull market in bonds that was unprecedented over the last 100 years," Tipp said. "The outlook, though, is actually very good for the bond market."
During an economic and market overview hosted by Prudential Financial's ( PRU - news - people ) investment arm on Tuesday, Tipp and other money managers sketched a surprisingly bright picture of the year ahead. John Praveen, chief strategist for international investments, cited three reasons he expects the U.S. economy to post surprisingly strong growth: much of the Obama Administration's $787 billion stimulus has yet to be spent; inventory cupboards are bare and need stocking; and companies may give a lift to construction spending.
A surge in growth often troubles bond investors, who worry that inflation will eat away at the interest payments they receive and who see the value of their investments fall when interest rates climb. The Federal Reserve is widely expected to raise rates this year but faster growth would push the central bank to lift them even higher. So how does Tipp square Prudential's economic view with his support for bonds?
It is, he said, "a seeming contradiction." The economy may easily beat expectations of 3.5% growth -- but not by much. Deeply indebted Americans are unlikely to quickly return to their free-spending ways, preventing the economy from expanding by 6% to 8%, he said.
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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