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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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| More |
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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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Halloween Surprise in Canada |
Global Investing Newsletter, Vivian Lewis, July 22, 2011
Note: Vivian Lewis covers income and equity opportunities around the globe. This is from her daily blog. Interested subscribers can find her at www.global-investing.com
“Canada has again tightened tax regulations because so-called stapled investment entities have managed to circumvent its income trust taxes. On Hallowe'en 2006, Ottawa announced new taxes on cash distributions to unitholders of income trusts so as to reduce their payout edge over operating companies. It called the new policy the Tax Fairness Plan.
Since these tax changes became effective this year, investors seeking high yields have bought alternatives to income trusts, stapled securities, which are two separate products, equity and debt, that trade on exchanges together. This could offer tax advantages similar to those of income trusts. Because interest on business debt is deductible for income tax purposes, the bond interest shelters part of the company's taxable income.
But now, the rules will stop a company or trust deducting the interest paid on the debt part of a stapled security. Many newsletters aiming at US yield investors failed to anticipate a followup to the Hallowe'en Surprise. We figured it would be coming.”
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| Partner Market Place |
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| 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!
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