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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
|
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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Bond Rates Won't Be Rising Soon |
Seeking Alpha - June 16, 2011 - By David Landes
It is hard to like bonds (any type) at these levels, but these snippets from recent actions don't argue for higher rates any time soon.
Gluskin Sheff's David Rosenberg in his "Breakfast with Dave" comment yesterday. said the odds for a U.S. recession in 2012 are 99%. "Just to be clear, this is not some soft patch. As Bernanke himself alluded to, the whole recovery has been one giant soft patch - tied for the weakest ever despite radical and unprecedented government stimulus. Recession risks are as acute as they were a year ago, but with far less certainty that the Fed and Congress have another rabbit to pull out of the hat." David Rosenberg is a well-known bear, who remains focused on the power of deflationary forces in the economy.
European Union finance ministers meeting yesterday in Brussels were unable to reach an agreement on extending a second bailout package to Greece. Many countries, led by Germany, want bondholders to share in a restructuring plan. This is firmly opposed by the ECB. The ratings agencies have stated any restructuring would be viewed and treated as a default.
Strikes and violence are gripping Greece. The nation's problems extend beyond the sovereign debt woes. Gluskin Sheff's David Rosenberg penned yesterday: "As today's WSJ aptly puts it, even if Greece gets its second bailout and avoids default, its problems are far from over. The country's banking system is in tatters. The average Tier 1 capital ratio for the five major lenders is about 9%. That may not be adequate to absorb a future reduction in value, or haircut, to Greek government bonds. The banks may have enough liquidity for now, but there's little capacity to boost lending, interest rates are in the stratosphere and any further deposit flight risks could trigger a credit crunch. The entire situation is untenable just as the euro is at today's levels."
This does not even address the contagion effects to other members of Club MED/PIIGS.
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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