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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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| 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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Emerging-markets corporate bonds on rise |
InvestmentNews - March 6, 2011 - By Michael Conelius
Evolving asset class benefits from market liquidity improvements, stronger credit fundamentals
As emerging-markets economies have reduced sovereign debt in recent years, the corporate bonds of such nations have taken a more prominent role in fixed-income portfolios.
Continuing market liquidity improvements and strengthening credit fundamentals are helping to mitigate risks and provide the foundations for this asset class' being an integral part of the fixed-income universe.
Nonetheless, the broadening and deepening of this asset class increases its complexity. Consequently, an integrated research approach — one that combines the disciplines of credit, sovereign debt and equity analysis — is essential to identifying potential investment opportunities.
Emerging-markets corporate bonds offer investors several distinct benefits, including an attractive yield, higher credit quality ratings relative to emerging-markets sovereign and high-yield debt, and potentially appealing returns.
Although performance history is relatively short for this asset class, over the one- and three-year periods ended Dec. 31, emerging-markets corporate debt outperformed emerging-markets sovereign hard-currency debt, global investment-grade corporate bonds and U.S. investment-grade corporate bonds.
High-yield bonds outperformed emerging-markets corporate debt during these periods, but with a higher risk profile for the three-year period.
Historically, corporate bonds in emerging markets have been clouded by perceptions of illiquidity and high risk, but these concerns are receding. In particular, liquidity has improved significantly.
The expansion of this asset class is leading to greater regional and sector diversity. In 2000, about half of new issuance in emerging-markets corporate bonds was from Latin America, but that region's share has been reduced to one-third. At the same time, the shares of issuance from emerging Africa, Europe and the Middle East have grown significantly.
Although banks re-main the largest sector of the overall emerging-markets corporate bond market, energy and telecommunications companies have expanded their market share of late.
For the complete article.
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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