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5/10/2013Market Performance

S&P Indices
Municipal Bonds
S&P National Bond Index 3.00% 0.02
S&P California Bond Index 2.96% 0.02
S&P New York Bond Index 3.13% 0.02
S&P National 0-5 Year Municipal Bond Index 0.70% 0.01
S&P/BGCantor US Treasury Bond 400.09 -0.87
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Income Equities:
Preferred Stocks
S&P U.S. Preferred Stock Index 848.03 -1.02
S&P U.S. Preferred Stock Index (CAD) 636.26 5.15
S&P U.S. Preferred Stock Index (TR) 1,701.05 -1.30
S&P U.S. Preferred Stock Index (TR) (CAD) 1,276.26 10.89
REITs
S&P REIT Index 174.07 -0.65
S&P REIT Index (TR) 425.30 -1.56
MLPs
S&P MLP Index 2,469.58 14.93
S&P MLP Index (TR) 5,428.50 32.82
See Data

Income Security Dividends

Security Amount Ex-Div Date
AESYY $0.28 IAD increased from 0.0303 to 0.2771   May 16
AQN PRA $0.28   Jun 12
BAM PFA $0.28   Jun 12
BAM PFB $0.26   Jun 12
BAM PFC $0.30 IAD decreased from 0.4119 to 0.3031   Jun 12
BAM PRG $0.24   Jul 11
BAM PRJ $0.34   Jun 12
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Has the U.S. Lost its Grip on the Credit-Rating Business?

Money Morning - July 27, 2010 - by Martin Hutchinson

[Editor's Note: Money Morning's Martin Hutchinson, a noted commentator, author and longtime international merchant banker, outlines how the credit-rating-agency business will function in the post-financial-crisis world - and explains what that will mean for investors. His predictions may surprise you.]

BY MARTIN HUTCHINSON, Contributing Editor, Money Morning
There's a new name in the credit-rating-agency business these days: It's Dagong Global Credit Rating Co. Ltd., and this Beijing-backed business is China's bid for a spot in the global-credit-rating oligopoly.

And Dagong's Chairman Guan Jianzhong doesn't think much of his long-established U.S. competitors.

"The Western rating agencies are politicized and highly ideological and they do not adhere to objective standards," Jianzhong told The Financial Times earlier this month.

Is he right? And does the newly passed Wall Street Reform and Consumer Protection Act correct their flaws, or does it make matters worse? It's a question that affects all investors - even those of us that don't invest in bonds, as we'll soon see
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