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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: |
| 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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Fitch Cuts Portugal, No Fiscal Plan |
Dow Jones, March 24, 2011
Fitch Ratings' downgrade on Portugal is bad news for the country and the fault of the opposition parties that rejected the government's latest austerity plan, a senior government official said Thursday.
Fitch Ratings Thursday downgraded its rating on Portugal to A- from A+, citing increased risks after the parliament's failure to pass austerity measures and the resignation of the country's prime minister.
The agency said Portugal's failure Wednesday to pass required fiscal measures, coupled with ensuing policy uncertainty, "has weakened the credibility of Portugal's fiscal and structural reform program."
After the vote in parliament Wednesday, Prime Minister Jose Socrates submitted his resignation and strongly criticized the opposition, especially the Social Democratic Party, or PSD, for creating a political crisis in the middle of a financial crisis.
"It's obviously bad news for Portugal, it's bad news for the republic, for companies, for families and for the financial system," Fernando Medina, Deputy Minister of the Economy for Industry and Development, told reporters in parliament.
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