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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
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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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DAILY BRIEF |
Portfolio.com - June 7, 2011 - by Teresa Novellino
Meredith Whitney made some vocal enemies on Wall Street after she publicly likened the municipal bonds that help keep many state budgets afloat to ticking time bombs. But she is still pushing the issue.
In a report released to her Meredith Whitney Advisory Group clients Monday, the financial analyst supplied data that supported the public stance that she took late last year on 60 Minutes, when she predicted that municipal bond defaults would wreak havoc in the U.S. economy in the next five years.
In an interview with Fortune published Monday, the municipal bond bear seems to backpedal from exact figures—she had predicted hundreds of billions of dollars in municipal bond defaults between now and approximately 2016—without departing from her overall conclusion that some of the biggest states in the nation are over their heads in debt.
"I never intended on framing the scale of defaults as a precise estimate, but I continue to believe that degree of municipal defaults will be borne out over the cycle,” Whitney, who ranks as No. 38 on Fortune’s Most Powerful Women list, told the publication. “I meant to point out that the state debt problem is a massive headwind for the U.S. economy, second in importance only to housing."
Read more: http://www.portfolio.com/views/blogs/daily-brief/2011/06/07/meredith-whitney-issues-fresh-warning-on-municipal-bond-market#ixzz1OhKR7P7B
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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