|
|
|
|
| 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. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
Portugal Gets EU/IMF Bailout, Interest Rate To Be Determined |
Forbes.com blog - May 4, 2011
Traders in markets around the world were reacting Wednesday morning to a new bailout package for Portugal that is long on funds (about €78 billion or $116 billion), but short on details.
The rescue of the beleaguered economy by the European Union and International Monetary Fund is still being hashed out, but Portugal’s caretaker prime minister Jose Socrates, who resigned in March, announced the deal and new deficit targets Tuesday. Those targets are 5.9% of gross domestic product for 2011 (increased from 4.6%), 4.5% for 2012 (from 3%) and 3% for 2013 (from 2%), according to TradeTheNews.com.
The loans give Portugal a runway to 2013, but the interest rate has yet to be set and bondholders don’t appear to be sold on the scant details of the bailout based on a Portuguese offering Wednesday. According to the New York Times the country sold three-month bills at a 4.65% interest rate, up from 4.05% when it last sold that maturity April 20.
The bailout of Portugal comes after similar facilities for Greece (€110 billion) and Ireland (€85 billion), but there are lingering concerns over whether those rescues will be successful, not to mention a still-looming threat of further extension of the crisis into the peripheral nations (known collectively as the PIIGS), chiefly Spain. (See “Why Euro Debt Matters More Than Oil Prices Or Chinese Inflation.”)
European stock markets were trading in the red Wednesday, with the United Kingdom’s FTSE 100 off 0.8% and Germany’s Stoxx 600 down 0.5%, while U.S. markets were signaling a narrowly higher open with futures for the Dow Jones industrial average and S&P 500 showing modest gains shortly before the bell. Meanwhile, the euro continued to firm up against the U.S. dollar, rallying over $1.49.
Investors were eyeing the monthly private sector labor report from payrolls firm Automatic Data Processing, which showed private sector employers added 179,000 jobs in April. The figure, an imperfect precursor to the government’s nonfarm payrolls number due Friday, was short of estimates.
In stock news, ConAgra Foods confirmed a $4.9 billion offer for Ralcorp Holdings that values the maker of Post cereals at $86 a share. ConAgra is going public with its all-cash bid after a prior cash-and-stock offer of $82 per share was rejected. Shares of Ralcorp were 7.9% higher in pre-market trading, while ConAgra gained 1.2%.
MGM Resorts International was aiming for a higher start after reporting a narrower first-quarter loss thanks to improving Las Vegas conditions that boosted revenue. Shares were up 6.7%. Las Vegas Sands, which reported profits after the bell Tuesday that fell short of estimates, was off 6.8% before the bell.
Follow Exile On Wall Street, or Twitter @SchaeferStreet.
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
