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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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Moody’s Opinion On “Evolution” Of US Aaa Rating |
247wallst.com - Jan. 28, 2011 - by Douglas A. McIntyre
There was more bad news about the view credit rating agencies have on the debt of large developed nations. Moody’s released a new Special Comment entitled “Evolution of Moody’s Perspective on the US Aaa Rating.” The message was simple. America’s debt is too high and is growing too fast. There is nothing about the GDP forecast and the unemployment rate in the US that will allow it to “grow” out of the deficit problem. Government costs continue to rise. Government receipts may barely do so.
Moody’s characterized the present threat to America’s Aaa rating as small. Japan may have thought its sovereign rating was solid as well. S&P disapproved of the notion and dropped its rating from AA to AA-. The capital markets reacted badly. Without a Herculean effort to cut costs, Japan may not recover its financial footing for a decade. That happened during the end of the last century, so there is recent precedent for national debt problems in Japan.
There really is not a precedent for the current debt and deficit trouble in the US. The deep recession, the need for stimulus, and a collapse of the increase of government tax receipts collided to take the American budget deficit to nearly $1.4 trillion last year. The CBO reports that number could be closer to $1.5 trillion this year. The cuts that the Administration plans to make to defense and discretionary spending are modest. Even the Republican plans to strip $100 billion out of the federal budget will not solve the deficit problem
Read more: Moody’s Opinion On “Evolution” Of US Aaa Rating - 24/7 Wall St. http://247wallst.com/2011/01/28/moodys-opinion-on-evolution-of-us-aaa-rating/#ixzz1CMLGafbX
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Income Security Recommendation January 2013 Issue.
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