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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
|
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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Bondholders: Don't Fear Rising Rates |
Forbes.com - June 11, 2010 - by Sean Hanlon
Many advisors and their bondholder clients are fretting about rate hikes. Here's why they should relax.
Beginning in June 2004 the Federal Reserve raised interest rates a record 17 times in a row, from 1% to 5.25%, over a two-year period ended June 2006. How badly did bond investors do in this period of time? The answer will be disclosed near the end of this article--don't cheat and jump ahead, read the article first, for your own investing good!
Perhaps the question most often presented to us today is, "How will you manage portfolios if interest rates rise?" Of course the fear is that interest rates will not only rise, but rise considerably. Here is what I think:
--An old Wall Street adage says that most of the people are wrong most of the time when it comes to predicting the investment future. Be wary of the investor's epidemic! When just about everyone fears rates will spike tomorrow, our adage tells us that such a dramatic change is highly unlikely to occur.
--Did you know that the 300-year average inflation rate in the United States is less than 1.9% per year? Low inflation is common, not uncommon. We are in a period of low inflation.
--Inflation and interest rates historically move together. With the current lower-than-low interest rates, and without forecasted rises in inflation, we have a long way to go before seeing higher inflation (and therefore higher interest rates).
--Unemployment has a negative correlation with inflation; high unemployment is associated with low inflation. This is because wages contribute such a large amount of overall product and service costs. Unemployment is high and will remain high for a long time to come. Result: continued low inflation and low interest rates. [More]
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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