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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
|
2.96% |
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S&P New York Bond Index
|
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
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
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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'Conduit' muni bond defaults draw scrutiny
'Conduit' municipal bonds allow private entities to tap into low-cost municipal bond financing. They account for about 20% of the market but about 70% of all defaults. |
Los Angeles Times - June 14, 2011 - By Nathaniel Popper
An often-ignored corner of the municipal bond market is causing outsize troubles for investors.
A spate of municipal bond defaults in recent months has included a $43-million issue that went to pay for a Hampton Inn in Boston, and $15 million in bonds that funded a commercial cargo facility at an Alaska airport.
These are not traditional municipal bonds used to finance sewers and schools. These debts are a form of financing known as conduit bonds. Conduits allow private entities to tap into low-cost municipal bond financing for projects that boost economic development. State or local governments are paid fees to issue the bonds on behalf of companies or nonprofits, which are responsible for repaying investors.
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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