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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
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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
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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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Municipal bonds get some love from investors |
USA Today - March 7, 2011 - By John Waggoner
Investors are starting to hate municipal bonds just a little bit less — and that could help states struggling to refinance their debts.
An estimated net $4.6 billion fled muni funds the four weeks ended Feb. 23, the latest figures available from the Investment Company Institute, the funds' trade group.
Bad as that sounds, it's far better than the $12.4 billion that fled the funds in January and the $12.9 billion that left in December. All told, $37.7 billion has poured out of muni funds since Oct. 31.
ASK MATT: Muni bonds have become riskier but are they still safe?
BARGAINS: You don't have to be rich to cash in on municipal bonds
In contrast, investors have showered taxable bond funds with an estimated $21 billion in net new money the same period.
Muni bond yields have fallen, too, meaning that investors are willing to accept a lower payout for the risk they're taking. For example, top-rated 10-year munis yielded 3.43% on Jan. 4, according to Bloomberg. They yielded 3.17% Friday.
Why things are looking a bit brighter for munis:
•More revenue. States are seeing a 6% to 7% revenue increase from this time last year, says Mark Zandi, economist for Moody's Analytics. About a third of that is from tax increases, the rest from better economic growth.
•Less supply. Municipalities issued about $25 billion in new bonds in January and February, says Hugh McGuirk, head of municipal bond investments at T. Rowe Price. Total 2011 issuance was estimated at $400 billion. "It's going to come in a lot less," he says.
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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