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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)
|
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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Muni bonds: Fund flows are positive ... and negative |
REUTERS - May 20, 2011 - By Karen Pierog
(Reuters) - The U.S. municipal bond market received some good news and bad news this week concerning flows into muni bond funds.
By the Investment Company Institute's accounting, net inflows of $38 million broke a 26-week streak of net outflows. But Lipper late on Thursday reported that net outflows continued for a 27th consecutive week, climbing to $108 million from $94.5 million in the previous week.
"I'm fairly confused. It's hard to tell exactly what's going on," Chris Mier, a market strategist at Loop Capital Markets in Chicago, said on Friday.
He noted there is overall confusion in the $2.9 trillion muni market where states, cities, schools and others sell debt as supply has sunk to an 11-year low and retail investors have been bombarded by headlines on financial woes, predictions of massive bond defaults, and proposals in Congress to end tax exemption.
Still, Mier said it would make sense at this point for fund flows to revert to positive as prices have ratcheted higher, pushing yields on top-rated 10-year muni bonds down 82 basis points on Municipal Market Data's scale since January 18.
"I think, clearly, retail is getting more comfortable in munis," he said.
Retail buyers, who make up the bulk of the market's investors, may be seeking individual names to buy and getting reassurance from their brokers that the muni world is not about to end, Mier said. That contrasts with muni mutual funds, where support for investment decisions is thinner.
For the complete article.
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Income Security Recommendation January 2013 Issue.
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