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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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| 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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Why the Debt Ceiling Is Important, and Its Impact on the Markets and Economy |
AdvisorOne - June 6, 2011 - By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.
Should the debt ceiling be eliminated? A bit of history and a little forecasting.
Congress on both sides of the aisle is playing a game of political chicken with the debt ceiling (see latest developments here); but what would actually hitting the ceiling mean for the markets and the economy in general?
Although the U.S. hit its $14.3 trillion debt ceiling on Monday, May 16, economic Armageddon hasn’t yet rained down on the U.S. economy. Thanks to some slick Treasury Department maneuvering, the date when the U.S. really reaches the limit has been pushed to around August 2.
But instead of breathing a sigh of relief and resolving to engage in a bipartisan effort to resolve the debt ceiling issue in advance of the August drop-dead date, both sides are likely to wait until the last moment to avoid impact—threatening our fragile economic recovery in the process.
What Happens if We Hit the Debt Ceiling?
According to Treasury Secretary Timothy Geithner, reaching the ceiling would force the government to default on some of its obligations, which would have a “catastrophic economic impact.”
In the—however unlikely—worst case scenario, if the federal government is unable to borrow additional money, it could default on some of its obligations. Funds brought in from new debt issues are used to make principal and interest payments on the national debt. Without the ability to borrow additional funds, the Treasury could be forced to default on some of its debt.
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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