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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
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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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)
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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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Corporate-Bond Issuers Step Up |
THE WALL STREET JOURNAL - July 13, 2010 - By KATY BURNE And CHRIS DIETERICH
The U.S. corporate-bond market saw a rush of new supply after second-quarter earnings season began on a positive note and issuers that aren't subject to an earnings blackout took advantage of ultralow risk premiums to issue debt.
"The summer doldrums have been interrupted," said Matt Toms, head of U.S. public fixed income at ING Investment Management. "We're not in August just yet so there is still some life in the market, and this is opportunistic issuance by companies who are seeing all-in yields are attractive."
The 10-year Treasury note's yield was as low as 3.021% intraday and the 30-year bond's yield was as low as 4.018%, although they pushed above those levels through the day.
Deal flow was somewhat sovereign tinged, with the Province of Nova Scotia coming to market with a $750 million deal and Qatari Diar and Bermuda both announcing deals for later this week.
Among companies, Target Corp. priced $1 billion in 10-year, 3.875% notes at 99.713 to yield 3.91%—a spread of 0.80 percentage point over comparable Treasurys. The discount retailer releases its quarterly earnings a month later than other companies to capture sales over the entire quarter, so it isn't currently subject to the earnings blackout that typically causes issuance to slow around this time of year.
Also in the market was Agilent Technologies Inc., which launched $250 million of three-year bonds at 1.50 percentage points and a $500 million tranche of 10-years at 1.95 percentage points; as well as energy company Black Hills Corp., which priced $200 million in 10-year notes at par to yield 5.875%, or a spread of 2.72 percentage points.
For the complete article visit THE WALL STREET JOURNAL
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Income Security Recommendation January 2013 Issue.
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