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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
|
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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"Fitch: U.S. Public Finance Upgrades & Downgrades Decreased in 2010 |
Fitch Ratings-New York-23 May 2011: According to a new report issued by Fitch Ratings today, during 2010, U.S. public finance downgrades outnumbered upgrades, the second year in a row this has been the case. Negative Rating Outlooks and Rating Watches still heavily outweighed Positive Rating Outlooks (more than 4.2:1) and Rating Watches (8:1).
However, the number of ratings that were not upgraded or downgraded, with no change in Rating Outlook or Rating Watch status (these ratings encompass both affirmations and those ratings that were revised under recalibration), constituted the majority of rating actions (84%) during the year. Additionally, 91% of Rating Outlooks were Stable at the end of 2010.
Similar to 2009, U.S. public finance credits faced pressure from the weakened U.S. economy in 2010. This, combined with ongoing fiscal constraints, continued to negatively affect credits. While both the number of upgrades and downgrades decreased in 2010 from 2009, the number of downgrades was still larger than that of upgrades.
There were 164 downgrades in 2010, compared to 226 downgrades in 2009, 85 downgrades in 2008, and 42 downgrades in 2007. Upgrades totaled 103 in 2010, a decrease from 209 (151 upgrades when the large number of Idaho Housing and Finance Association single indenture mezzanine and subordinate bonds are counted as one upgrade) in 2009 and still fewer than the 2008 level of 135, which was little changed from the number of upgrades (134) in 2007.
Negative Rating Outlooks decreased to 229 in 2010 from 297 in 2009. The number of Positive Rating Outlooks decreased as well to 55, which is fewer than in the previous six years. The ratio of Negative Rating Outlooks to Positive Rating Outlooks of 4.2:1 remained roughly the same as the ratio in 2009, which was a large jump from the ratio of 1.6:1 in 2008.
The full special report, titled 'U.S. Public Finance Rating Actions 2010', summarizing these rating actions by sector can be found at 'www.fitchratings.com'.
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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