|
|
|
|
| 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. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
Gains from long-term Treasurys won't go on forever |
The Washington Post - July 6, 2010 - By Allan Sloan
Financial markets can make you look really foolish, even if you thought your analysis was right, and still do. Today's humbling example: The best investment by far for the first half of this year has been the one that people like me have been warning against: long-term U.S. Treasury bonds.
I've also said (and said) that you have to protect yourself against a decline in the value of the dollar because our need to borrow huge amounts to cover trade and budget deficits is eroding the greenback's standing as the world's reserve currency.
But guess what: Even though it's been a crummy year for U.S. stocks, the performance of foreign stocks has been considerably crummier.
Now, to the numbers, courtesy of Aronson + Johnson + Ortiz (AJO), a Philadelphia money-management firm that tracks investment returns for 48 asset classes.
The only investment that showed a double-digit positive return for the first half of this year was . . . long-term Treasury securities. Their total return -- price gains plus interest -- was 13.2 percent.
Meanwhile, non-U.S. stocks lost 12.2 percent (price declines and reinvested dividends) for the first half, and U.S. stocks lost 5.6 percent.
What's happening, of course, is that we're seeing a somewhat different version of the phenomenon in 2007-08, when scared investors sought refuge in U.S. Treasury securities because they feared a worldwide financial meltdown.
This year, it's the European problem that has prompted investors to seek safety in Treasurys.
"When the world seems to be about to collapse and you want to stay liquid, the only viable trade is the U.S. dollar and Treasurys," says Brian Wenzinger of AJO.
For the complete article visit The Washington Post
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
