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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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| 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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Beware the B-word (Bubble, not Bonds) |
THE WALL STREET JOURNAL (MONEY BEAT) - May 10, 2013 - By Art Patnaude
In corporate bond markets, the dreaded word “bubble” has become a topic du jour.
As it should be. The environment for a bond bubble is ripe, and recent developments suggest one is actively being blown up.
This is especially true for junk-rated bonds, issued by companies judged to be the most likely to default.
Right now, prices of corporate bonds reflect a dramatic rally over the past six months. Low interest rates from central banks–as well as various bond-buying programs known as quantitative easing–have increased the amount of cash in the financial markets. So investors who buy bonds have a lot of money, and are competing for a finite amount of debt. This has pushed the average yield for junk-rated bonds in Europe to a record low of 5.68% Friday, according to a Markit index.
Companies can borrow at these incredibly cheap rates, so they are. Junk-bond issuance is at a record $54.5 billion this year, up from $32.9 billion in the period last year, Dealogic data show.
One worry is that investors less familiar with high-yield bond markets, but who need to find a home for their money in order to generate return, might be misjudging the risks. Another is that experienced investors are flat-out ignoring the risks in a blind push for yield.
For the complete article.
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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