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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
|
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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These ETFs Short Treasurys Like Bill Gross |
ETF TRENDS - April 11, 2011 - by John Spencer
Bill Gross has reportedly initiated a short position in U.S. government debt in PIMCO’s Total Return Fund after scaling back the fund’s investments in Treasury bonds.
Gross, who runs the world’s biggest bond fund, is betting on further weakness in Treasurys, accoroding to reports.
PIMCO’s bond guru recently wrote U.S. Treasurys have “little value within the context of a $75 trillion total debt burden.”
Exchange traded funds (ETFs) that invest in Treasury bonds have been falling recently as yields rise, pushing the iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) back below $90 a share.
The $6.3 billion ProShares UltraShort 20+ Year Treasury (NYSEArca: TBT) is the largest ETF that bets against Treasury bonds. It shoots for 200% inverse performance on a daily basis.
Other ETFs that profit from rising Treasury yields and lower bond prices include ProShares Short 20+ Year Treasury (NYSEArca: TBF) and Direxion Daily 20 Year Plus Treasury Bear 3x Shares (NYSEArca: TMV).
ProShares recently launched more ETFs that short the Treasury market.
Investors will get reports on U.S. inflation this week.
The difference between yields on Treasury 10-year notes and inflation-indexed debt is at a three-year high, according to Bloomberg.
“This week is going to be all about inflation,” Michael Leister, fixed-income analyst at WestLB AG in Germany, told Bloomberg. “The risks are clearly to the upside for inflation, and we believe the data will underpin the recent uptick in yields.”
A former adviser to China’s central bank on Monday likened the U.S. Treasury market to a Ponzi scheme, MarketWatch reported.
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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