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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
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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: |
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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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Fund manager: Now's the time to buy bonds |
CNNMoney - May 5, 2013 - By Maureen Farrell
With Treasury yields near record lows, one contrarian fund manager says now is the time to buy.
He acknowledged that "bond yields are painfully low," but said there are plenty of reasons for those yields to move even lower.
Speaking at the Altegris Global Conference last week, Gundlach said he's convinced the Fed won't raise rates or end its bond buying program, known as quantitative easing or QE, anytime soon. (Federal Reserve sticks with stimulus)
By buying bonds, the Fed's stimulus moves push up U.S. Treasury prices, which in turn depresses yields.
Bernanke has said that he sees no negative consequences from the Fed's actions, so worrying about the end of it is a waste of time, Gundlach said.
"Let's face it, QE travels right through the central heart of the U.S. bond market," Gundlach said. Last week, the Fed said it would continue buying $85 billion a month in mortgage-backed securities and Treasuries.
While investors around the world are voraciously hunting for higher returns than the 1.7% currently offered by 10-year Treasury notes, that's a misguided approach, said Jeffrey Gundlach, founder of investment fund Doubline Capital.
For the complete article.
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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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