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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
|
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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Bernanke Tells Senate, Failure to Raise Debt Limit Is 'Risky'; Dodd-Frank Repeal Debated |
AdvisorOne - May 12, 2011 - By Melanie Waddell
Both Bernanke and Treasury's Wolin agree not raising debt ceiling would 'destablize' the nation's financial system
Federal Reserve Board Chairman Ben Bernanke told members of the Senate Banking Committee on Thursday that failure by Congress to raise the debt ceiling was a “risky approach” that, at a minimum, would result in an “increase in interest rates that would worsen” the nation’s economy. The “worst outcome,” he added, would be that the nation’s financial system becomes “destabilized” again.
The Senate committee also delved into the implementation of the Dodd-Frank Act and efforts by Republicans to repeal the law.
Regarding the debt ceiling, Bernanke said that while he “fully supports” all efforts by the Congress to bring the nation’s long-term fiscal situation into balance, “using the debit limit as a bargaining chip is quite risky.”
Assistant Treasury Secretary Neal Wolin agreed during the Senate Banking Committee hearing that not raising the debt limit would result in a “wide range of complications,” and would make the nation’s fiscal situation “worse” not better. Americans, he continued, would “experience higher interest rates” on everything from mortgage and car loans to credit cards.
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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