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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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100-Year Bonds? |
The Motley Fool - Feb. 4, 2011 - by Russ Krull
Would you buy a bond that will only mature after you're long gone?
The latest Treasury Borrowing Advisory Committee meeting included discussion of issuing ultra-long bonds with maturities from 40 years to as long as 100 years. This ultra-long Treasury bond discussion follows actual issues of such bonds in the corporate bond market last year. Last summer, Norfolk Southern (NYSE: NSC) sold bonds that won't mature until 2105. Goldman Sachs (NYSE: GS) followed in October with a 50-year bond issue.
Long-dated bonds are available on the market, but they aren't very common. A search at FINRA.org for bonds maturing 50 to 100 years in the future turned up about 130 corporate bond issues and almost 60 municipal issues. One bond issued by the federally owned Tennessee Valley Authority comes due in 2060.
Even though ultra-long Treasuries may never be issued, the prospect does have some takeaways for investors. Few individual investors have investment horizons stretching out over a century, so ultra-long maturity bonds are typically sold to institutional investors with long time horizons. Even though most individuals would not be interested in owning these bonds, there are at least two reasons they should be interested in the very long end of the bond market.
First, if corporations increase issues and if the U.S. Treasury starts selling very long bonds in significant amounts, they'll extend the average maturity of bond indexes. That would push the maturity out for exchange-traded funds such as Vanguard Total Bond Market (NYSE: BND), iShares Barclays Aggregate Bond (NYSE: AGG), and other funds that track those indexes. A longer maturity makes the fund more sensitive to interest rate changes. That's not necessarily a problem, but it is something investors should be aware of.
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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