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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)
|
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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A New Haven in Corporate Bonds |
MarketWatch - March 4, 2011 - By Jonnelle Marte
As the turmoil in the Mideast sent shock waves through the stock markets last week, many investors sought cover in a sleepy part of the fixed-income universe: high-quality U.S. corporate bonds. But the very qualities that make the category attractive may also bite investors in the long run.
Last week, investors poured $114 million into investment-grade corporate bond funds, more than five times the previous week, according to Lipper. So far this year, these funds, which invest primarily in the debt of companies that have a credit rating of BBB or above, have seen inflows of nearly $400 million. That's a huge turnaround from the fourth quarter of last year, when investors yanked $300 million from these funds.
Some of these investors are surely chasing performance. Funds that invest in high-quality corporate bond gained on average of 8.95% in the past 12 months, more than double the performance of Treasurys, according to fund-tracker Lipper. Now investors are snapping up corporate bonds even as yields have fallen steadily over the past several months -- an environment that typically leads to selloffs, says Chris Shayne, a director with BondDesk Group and lead author of the Corporate Market Transparency Report. The average yield on investment-grade corporate bonds is now 3.81%, down from 4.5% in June. Still, they look attractive compared to other safe bonds like 5-year Treasurys, which currently yield 2.16%.
And many advisers and fixed-income managers say there are still good reasons to own corporate bonds funds now. First, many high-quality corporate bonds are still cheap, and it may take another 12 to 18 months before they become fairly valued (and their spreads over Treasurys narrow), says Steven Kellner, head of the corporate desk at Prudential Fixed Income and manager of the Prudential Short-Term Corporate Bond Fund (PBSMX 11.45, -0.03, -0.26%) . And while the average high-yield bond is currently yielding 6.97%, high-quality corporates are a better choice if the Mideast crisis begins to more directly impact the U.S. economy and markets. "From a credit quality standpoint, [investment-grade corporate bonds'] fundamentals are very, very strong right now," says Kellner.
For the complete article.
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Income Security Recommendation January 2013 Issue.
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