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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
|
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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Attack of the Muni Monsters |
Market Minder - May 19, 2011 - By Fisher Investments Editorial Staff
Humans seem to have a morbid fascination with predictions of doom. A quick search of the Internet Movie Database yields an impressive list of Armageddon-related titles, depicting Earth’s destruction by [you name it]. According to the Mayan calendar, the apocalypse will arrive in 2012 (which they supposedly foresaw 500 years ago, but somehow they couldn’t see those pesky conquistadors right around the corner)—and a sizeable industry has sprung up marketing survival guides and supplies. Some even believe the end comes this very Saturday! Doomsday bunker, anyone?
But this fixation isn’t limited to Armageddon—it also extends to financial doom predictions (which seem far harder for many folks to shed than theories promoted on extended cable TV networks). Folks will likely be captivated by economic fears as long as there are free markets. And this year is no exception. Headed into 2011, talk was this would be the year of the widespread, devastating municipal bond default. The theory: Persistently low state revenues and increasing budget deficits would force states to default on municipal bond obligations. Approaching the year’s halfway point, let’s check in on this prediction.
Technically speaking, there were 12 defaults in Q1 2011, representing a mere $277 million of outstanding debt—about 0.1% of the US municipal bond market. That includes any bond that lacked a full scheduled principal or interest payment as well as mandatory sinking fund payments. Hardly the commonly held view of default doom where bondholders lose the entirety of their investment—and a far cry from the sizeable defaults predicted. Consider: Nearly halfway through 2011, not a single major municipality has defaulted.
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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