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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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Hedge Funds Are Buying More Muni Bonds |
CNBC - Feb. 14, 2011 - by Kate Kelly
A spike in yields and a desire to diversify portfolios is prompting some unusual investors to jump into the municipal bond market, say traders and analysts.
In recent weeks, traders from Moore Capital Management, the large New York hedge fund that manages some $15 billion, and from Oak Hill Advisors, the New York fund with nearly $13 billion in capital, have been snapping up municipal bonds, say people familiar with the matter.
The attraction: a combination of high yields and a relatively low long-term risk of default. States aren’t permitted to file for bankruptcy, and municipalities, which have access to Chapter 9 of the bankruptcy code, only rarely do.
“Non-traditional buyers who could buy anything are buying munis,” says Matt Fabian, senior analyst for Municipal Market Advisors, which provides independent research on munis.
The municipal-bond market, where cities, states, and public authorities go to raise cash for projects and general needs, has long been dominated by mom-and-pop retail investors, who own between two-thirds and three-quarters of all the debt issued.
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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