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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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| 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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What Correlates With Bond Yields? |
Seeking Alpha - June 1, 2011 - By Cullen Roche
I get this question all the time – why are bond yields so low? My answer is always the same – yields are an extension of Fed policy and the market’s expectations of inflation. This baffles many investors in the current environment because of the solvency debate and the deficit/debt debates that are never ending. The bond markets clearly recognize what MMTers have long discussed – that the only form of solvency risk in the USA would come in the form of hyperinflation. There is simply no such thing as the USA not being able to make a payment in the currency that only it can produce. This would appear to be simple logic to anyone with a basic understanding of economics, however, it escapes most people.
To prove this point, I present an excellent piece of data from yesterday morning’s David Rosenberg note. He writes:
There is a 90% correlation between the Fed funds rate and yields further out on the Treasury curve. So getting a handle on what is going on in Ben Bernanke’s brain is the key toward forecasting the bond market. This is where most economists and strategists get it wrong when they focus on backward looking indicators like the inflation rate, fiscal deficits or the US dollar, for that matter. The primary reason why bonds have rallied in the past three months is because the futures market has radically cut its expectation for any Fed tightening in the next six to nine months... For the complete article.
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| Partner Market Place |
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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