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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
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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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Are Preferred Stocks Making a Comeback? |
Seeking Alpha - March 1, 2011 - by Michael A. Gayed CFA
I noted in my last article that the market may be transitioning into defensive/lower beta equity sectors in anticipation of a broader equity correction in the near future. Specifically, looking at the performance of Consumer Staples (XLP), Healthcare (XLV), and Utilities (XLU), leadership does appear to be emerging on both up and down days. If there is a common theme across all three sectors, its that investors generally position into them not for the hope of substantial capital appreciation, but rather for the income and dividend component.
If the pendulum is indeed swinging away from capital appreciation and more to dividend/income once again, its worth taking a look at the iShares S&P U.S. Preferred Stock Index ETF (PFF). Preferred stocks are somewhat of a hybrid between stocks and bonds, whereby shares are actually paid a guaranteed dividend. Preferred shares gets a first crack at a company's dividends, given their priority over common shares.
Take a look below at the price ratio of Preferreds to the S&P 500 (IVV). As a reminder, a rising price ratio means the numerator/PFF is outperforming (up more/down less) the denominator.
For the complete article.
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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