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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)
|
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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Bond rates are still low. Get used to it. |
CNNMoney.com - Jan. 26, 2011 - By Paul R. La Monica
Long-term bond rates shot up dramatically at the end of last year. But the fixed income market has been, dare I say it, boring so far in January.
Is that all about to change now that President Obama has given the strongest indication yet of the need to tackle the deficit in Tuesday's State of the Union address?
The Federal Reserve, which concluded a two-day meeting Wednesday, also appears intent on buying Treasury debt in an attempt to keep rates low. It left its key short-term rate near zero yet again and made no significant change to other policies.
First and foremost, the renewed focus on getting the deficit under control should be a positive for bonds. A more manageable federal debt load would likely lead to a stronger dollar and less fear about inflation. That should push rates lower since bond prices and yields move in opposite directions.
"The stars may now be aligned on the deficit," said Leslie Barbi, head of fixed income for RS Investments in New York. "There should be some headway on that made in the first half of the year. The reality of getting something done should lower rates because there may no longer be this unbelievable supply of Treasuries out there."
Still, there's some skepticism about just how much the president and lawmakers will be able to get accomplished. That could keep bond investors from buying too much debt.
Keep track of the bond market
"The bond market has the impression that the president is serious about addressing debt levels. But there isn't enough detail to really grab on to," said Ray Humphrey, senior vice president at Hartford Investment Management Co. in Hartford, Conn. "It's one thing to talk the talk. Investors want the government to walk the walk and actually cut spending."
You also have to throw the Fed into the mix. Fed chair Ben Bernanke and the rest of his fellow merry policymakers committed in November to buy up to $600 billion in bonds through the end of June.
Although the central bank said at that time that it reserved the right to "adjust the program as needed" based on economic conditions, Barbi said she doubted the Fed would end QE2 prematurely.
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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