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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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| 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)
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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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Corporate Bond Risk Falls in Europe, Credit-Default Swaps Show |
By Karen Eeuwens
April 21 (Bloomberg) -- The cost of insuring against a default on European corporate bonds fell, according to traders of credit-default swaps.
Contracts on the Markit iTraxx Crossover Index of 50 companies with mostly high-yield credit ratings dropped 4.1 basis points to 404.9, according to Markit Group Ltd. prices at 7:45 a.m. in London. The index is a benchmark for the cost of protecting against a bond default and a decline signals an improvement in investor perceptions of credit quality.
The Markit iTraxx Europe Index of 125 companies with investment-grade ratings dropped 1.3 basis points to 79, Markit Group prices show. The cost of insuring bank bonds also fell, with the Markit iTraxx Financial Index of 25 banks and insurers declining 1.25 basis point to 96.5 and the subordinated index 2 basis points lower at 155, according to JPMorgan Chase & Co.
A basis point on a credit-default swap contract protecting 10 million euros ($13.4 million) of debt from default for five years is equivalent to 1,000 euros a year.
Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements.
--Editor: Paul Armstrong
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| Partner Market Place |
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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