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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
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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)
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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)
|
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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Insured U.S. municipal bonds rarely default-Fitch |
| REUTERS - Jan 22, 2008
NEW YORK, Jan 22 (Reuters) - Defaults on insured municipal bonds are extremely rare and bond insurers such as Ambac (ABK.N: Quote, Profile, Research) generally do not guarantee securities that are not investment grade, Fitch Ratings said on Tuesday. Fitch issued the comment after it downgraded Ambac's rating to "AA" from "AAA" on Friday in a move that impacted 137,000 Ambac-insured municipal bonds. "Ambac-insured municipal bonds still maintain the protection offered by the underlying security," Fitch analyst David Litvack told Reuters. "We wanted to make sure that that message is not lost in the downgrade of Ambac." Municipal bonds with underlying ratings higher than Ambac's keep their higher ratings, but securities with lower underlying ratings were downgraded to "AA" from "AAA," together with the insurer. Bond insurers have to pay debt service only if an issuer fails to do keep up with its payments, but that rarely happens, the rating agency said. "Based on Fitch's municipal default studies, investment grade municipal bonds in sectors that are typically insured have cumulative default rates well under 1 percent, which is lower than similarly rated bonds in non-municipal sectors," Fitch said. (Reporting by Anastasija Johnson, Editing by Chizu Nomiyama)
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| Stuff to look at |
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