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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
|
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)
|
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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Insurers Can Manage U.S. Municipal Bonds, Moody's Says |
REUTERS - July 8, 2011 - eporting by Lisa Lambert, additional reporting by Edith Honan in New York; Editing by Diane Craft
Stresses in the U.S. public sector have not put property and casualty insurance companies at great risk, despite the firms' considerable exposure to municipal bonds, Moody's Investors Service said on Thursday.
The insurance companies collectively hold about $355 billion in municipal bonds, representing 60 percent of their equity capital base, as measured by policyholders' surplus, Moody's said.
The Federal Reserve has reported similar levels, saying in June that property and casualty insurance companies held $349.7 billion in municipal securities and loans. That was an increase from the quarter before, when the level was $348.4 billion, but was below the $364 billion level in the first quarter of 2010.
In contrast, the Fed estimates that the firms hold $93.3 billion of Treasury securities out of total assets of assets of $1.427 trillion.
Moody's said its view of the property and casualty sector remains largely the same as its 2010 assessment, and that the overall risk stemming from its muni holdings was manageable.
"In spite of pressures in the public finance sector, P&C insurers' muni portfolios remain sound," said Moody's Vice President Paul Bauer in a statement. "Under our baseline economic scenario, we estimate that muni bond credit losses will be low, at $500 million for the entire P&C industry, or the equivalent of a little more than 1 percent of last year's net income."
For the complete article.
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