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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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| 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)
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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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Monday Corporate Bond Brief |
Seeking Alpha - May 23, 2011 - By Andrew Wilkinson
Investors seem unsure how to react within the confines of the corporate bond market to rising risk aversion around the world. Government bond prices are shifting in all sorts of directions in response to panic over sliding stocks, growth and earnings fears and rising political tensions in Europe. Some financial names are weaker Monday with spreads widening relative to U.S. government debt, while broadly speaking volumes are a little calmer than last week. Thin volumes are evident in the non-investment grade universe.
Investment Grade
Johnson & Johnson Inc. (JNJ) – Shares in consumer-products-manufacturer are outperforming the market although are down by 0.5% at $65.25 in a soggy day for trading. Johnson’s AAA-rated May 2021 bonds were well-supported in such an environment where investors are looking for solid yield with as little risk as possible. The paper commands a 3.58% yield and stands about 50 basis points above 10-year government paper. Investors raised bids on about $28mm worth of paper today lifting the value of $1,000 worth of bonds by 37 cents. Johnson & Johnson also announced further expansion into emerging markets Monday with the purchase of over-the-counter medicines sold in Russia. The company paid JB Chemicals and Pharmaceuticals $260 million for cough and cold remedies.
Bank of America Corp. (BAC) – most actively traded investment bonds belonged to Bank of America on Monday where investors sold $33mm lifting the yield on its 10-year 5%-coupon paper to 5.03%. The price of $1,000 worth of its paper slid by $2.30 as investors turned prices sour on the consumer banker. Bank of America’s share price also declined by 1.2% to $11.44 Monday.
Barclays Bank PLC (BCS) – Investors used the rising tensions on the other side of the pond as an excuse to sell paper issued by Barclays. Its Baa1-rated October 2020 carrying a 5.14% handle slid by $1.43 per $1,000 face value as investors lightened the boat of European names. Some $33mm face value changed hands Monday in this particular Barclays issue.
For the complete article.
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