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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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| 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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Yields on BP-Backed Municipal Bonds Surge to 10% |
Bloomberg - June 15, 2010 - By Martin Z. Braun
Interest rates on some floating-rate municipal bonds guaranteed by BP Plc have surged to as much as 10 percent on concern that the costs of cleaning up the Gulf of Mexico oil spill and litigation are spiraling higher.
Yields on short-term bonds backed by London-based BP to build sewage and solid-waste disposal facilities at a chemical plant in Will County, Illinois, and a refinery in Texas City, Texas, that are now at 10 percent were as low as 0.5 percent at the start of June. The maximum rate BP will pay on the bonds is 15 percent, according to the Municipal Securities Rulemaking Board’s disclosure Web site. BP backs more than $3.5 billion of U.S. municipal obligations, according to Bloomberg data.
“There’s too much unknown, that’s why rates are spiking,” said Matt Dalton, chief executive officer of Belle Haven Investments Inc. in White Plains, New York, who oversees about $450 million in assets and sold BP-backed municipal debt today after buying some two weeks ago. President Barack Obama “is changing the rules of the game as we go along.”
For the complete article visit Businesweek.com
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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