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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
|
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
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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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Slow Growth, Inflation Make US Bonds Bad Buy: Gross |
CNBC.com - May 16, 2011 - By Jeff Cox
The US economy is headed for a period of higher inflation and lower growth that makes the nation's debt unappealing when measured against its global competitors, Pimco's Bill Gross told CNBC.
The head of the world's largest bond firm, with nearly $1.3 trillion under management, explained the firm's position further as it has cut out all longer-dated exposure to US debt.
Instead, the firm is comfortable with more stable countries such as Canada, Brazil and Germany. At the same time, Pimco also has turned to the equity markets to combat low-yielding US debt as the country tries to get its finances under control.
"Debt tends to slow economic growth," Gross said in a live interview. "We're going to have a slow-growth economy and probably one in which inflation goes higher, which is not a conducive recipe for financial markets."
Gross said the firm prefers countries with "pristine balance sheets," company in which the US does not belong as it reaches its debt ceiling and grapples with a budget deficit approaching $1.4 trillion and a national debt of $14.3 trillion.
Yet he said Pimco's investment choices don't reflect a dire view on the US, but rather simple investment math that does not point to Treasurys as an effective vehicle.
For the complete article.
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Income Security Recommendation January 2013 Issue.
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