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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
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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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SEC, IRS to work closely on muni bonds |
The Associated Press - March 2, 2010
The Securities and Exchange Commission and the Internal Revenue Service have agreed to work more closely together to regulate the massive municipal bond market, the two agencies announced Tuesday.
The heads of the SEC and the IRS signed a document called a memorandum of understanding aimed at improving compliance with the agencies' rules related to municipal securities, especially tax-exempt bonds. The agencies also agreed to share information on practices and risks in the "muni" securities market.
State and local governments raise funds for schools, roads and hospitals by issuing bonds, in a market estimated to be worth about $2.8 trillion. Retail investors increasingly participate in the market, seeking safe investments with reliable returns.
Crises in several municipalities have underscored the importance of the muni market. In Jefferson County, Ala., a $3.9 billion debt debacle brought the state's most populous county to the brink of filing what would be the largest municipal bankruptcy in U.S. history. The debt ballooned in March 2009 when JPMorgan Chase & Co. canceled interest-rate swap contracts with the county worth around $700 million.
Last July, the SEC proposed tightening rules governing disclosures about municipal securities to aid investors.
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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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