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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
|
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)
|
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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Two reasons to buy junk bonds now
Commentary: Bulls make case for high-yield bonds but bears counter |
MarketWatch - June 22, 2011 - By Robert Powell
BOSTON (MarketWatch) — Treasurys are rallying, stocks are falling and there’s no shortage of opinion over whether such action is good for the most infamous of all securities — the junk bond.
Analysts who are bearish say the ratio that looks at earnings as a percent of stock prices compared to the yield on junk bonds favors stocks right now. Plus, pundits are suggesting that junk bonds have had a fairly good run over the past 12 months (such funds are up nearly 17% over the past year) and that it’s time to take profits especially in light of the correction.
And indeed many an investor is doing just that: There was $1.6 billion in outflows from mutual funds investing in junk bonds in just one week in early June, the biggest outflow in more than a year.
There are those in between such as Kevin Flanagan, the chief fixed income strategist for Morgan Stanley Smith Barney. According to Flanagan, high-yield bonds are likely to underperform investment grade bonds over the near-term, and earlier this month he reduced the percent invested in high yields to 5% from 10%.
“We continue to see the prospects for a further correction in the high-yield space, and feel investors have less potential downside risk in investment grade credit,” Flanagan wrote in a recent issue of Basis Points, the firm’s monthly report on fixed income investing. “In our view, spreads in both high-yield and investment grade credit have room to widen further in the short-term.”
And, on the bullish side of the street, analysts are saying that now’s the time to give commit some capital to junk bonds. Why so? Well, from his vantage point, Steven Huber, manager of the T. Rowe Price Strategic Income fund PRSNX +0.08% , said there are at least two good reasons to give high-yield bonds a look-see. Spreads are low and fundamentals have improved.
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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