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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
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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
|
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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Risk in Defaults of US Municipalities On the Rise |
Moneynews.com - July 9, 2010 - By Ellen Chang
The risk of local municipalities not being able to repay their debt has risen among investors.
Some investors now fear that some local governments are facing problems coping with looming budget deficits, similar to the fate of some eurozone countries, the Financial Times reported.
Investors are eyeing the yields of US municipal bonds since they could signal a contagion of defaults in the eurozone.
“The risk in the second half of the year is that investor attention switches from Europe to the US,” said Robert Parker, senior adviser at Credit Suisse Securities.
Some regions which could be headed for trouble include parts of California and also several cites in New York, Illinois, and Michigan, he said.
“You will see investor concern about the viability of those cities and therefore you will see, inevitably, further spread widening in the municipal bond market,” Parker said.
Local municipalities could be faced with higher interest rates when they need to borrow money even as they face deficits in their budgets.
“There is more of a perceived risk to munis now,” said Laura LaRosa, director of fixed-income at Glenmede, a private investment manager.
The $100 billion of “Build America bonds,” which have been called “Babs” and mimic corporate bonds, have seen yields increase.
For the complete article visit Moneynews.com
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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