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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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U.S. Municipal Bond Market Has Best Quarter Since 2009 |
REUTERS - July 5, 2011 - By Karen Pierog
The U.S. municipal bond market had its best quarterly performance in two years in the second quarter of 2011, besting both U.S. Treasuries and corporate debt, according to BofA Merrill Lynch Global Research on
Tuesday.
Munis had gains of 4.453 percent on a total-returns basis for the quarter, which ended on Thursday. That marked the best performance for the sector since the first quarter of 2009, when the market gained 4.425 percent on BofA Merrill Lynch
indices.
By comparison, corporate debt gained 2.295 percent and Treasuries gained 2.284 percent in the second quarter of 2011.
The $2.9 trillion muni market closed out 2010 with its worst quarterly performance in 16 years, losing 4.522 percent
on a total-returns basis.
Toward the end of last year, states, cities and other issuers rushed to sell debt to take advantage of an expiring Build America Bond program and its hefty federal rebate on interest costs. That pumped muni annual volume to an all-time high of $430 billion in 2010. At the same time, Wall Street analyst Meredith Whitney warned the market was in for an unprecedented deluge of bond defaults.
John Hallacy, municipal research strategist at BofA Merrill Lynch, attributed the market's performance turn around to a combination of muni supply being at an 11-year low so far this year and eased concerns about a credit meltdown.
For the complete article.
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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