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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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Cautious funds grab corp debt for yield: Reuters poll |
(Reuters) - Caution remained the watchword for leading investors in July although a search for yield drove many into top quality corporate debt, Reuters asset allocation polls showed on Thursday.
Surveys of 51 leading investment houses in the United States, Britain, Europe ex-UK, and Japan showed investors cutting back on equities and raising cash and bond holdings.
Equities were at 50.6 percent of a typical mixed-asset portfolio, bonds at 36.0 percent and cash at 5.8 percent. June figure's were 51.8 percent, 35.1 percent and 5.2 percent, respectively.
Changes in the sample may have exaggerated the move away from equities, but there was little indication in the polls that investors were shaking off this year's standoffishness to risk.
This is despite some degree of moving on from the euro zone debt crisis and signs that Europe's economy may be more robust than earlier thought. The U.S. economy appears to be slowing, raising concerns about global recovery.
"Concerns about the euro government debt crisis seem to be receding. However, most warning signs are still flashing red," said Mauro Ratto, head of investment management in Europe and Asia at Pioneer Investments in Dublin.
Investors have not, however, battened down the hatches for a sharp downturn.
One example of this can be seen in the demand for corporate debt, which would imply a degree of positive conviction about the state of global corporate finances.
Exposure to investment grade bonds rose to 22.6 percent within bond allocations in July from 19.7 percent in June. High yield debt was less popular, however.
David Joy, chief market strategist of Columbia Management Investments, suggested investors were being driven by a belief that the economy was not heading too far down -- into another recession, for example -- and that traditional safe haven investments were overpriced.
"We don't expect a double dip. Because of that, we don't see a lot of value (in Treasuries) at these levels," he said.
For the complete article visit REUTERS
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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