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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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Emerging-Market Stocks Advance Most Since April, Bonds Surge on Fed’s Plan |
Bloomberg - August 10, 2012 - By Michael Patterson and Berni Moestafa
Emerging-market stocks rallied the most since April, currencies strengthened and borrowing costs fell after the U.S. Federal Reserve pledged to keep interest rates at a record low for at least two more years.
The MSCI Emerging Markets Index increased 2.4 percent to 991.28 at 7:20 a.m. in New York, snapping the steepest six-day tumble since October 2008. Bonds rallied, sending the extra yield on developing-nation debt over U.S. Treasuries down 13 basis points, the most since June 28, to 3.63 percentage points, JPMorgan Chase & Co.’s EMBI Global Index showed. South Africa’s rand strengthened 4.3 percent against the dollar.
Fed policy makers led by Chairman Ben S. Bernanke said in a statement yesterday they are “prepared to employ” additional tools to bolster the world’s largest economy, sparking a rally in U.S. stocks and sending yields on U.S. Treasuries to record lows. The People’s Bank of China will leave borrowing costs unchanged for the rest of this year, according to eight of 10 analysts surveyed by Bloomberg News yesterday.
“The market is going to focus on the fact that rates are going to stay low,” Erwin Sanft, head of China and Hong Kong research at BNP Paribas SA in Hong Kong, said in an interview on Bloomberg Television today. “That’s positive for performance.”
Valuations Tumble
Policy makers around the world are trying to shore up investor confidence after a rout in global equities this month wiped out more than $7 trillion of market value. Concern that economic growth is faltering sent the MSCI index down 15 percent this month through yesterday, to 8.9 times estimated profit, the lowest level since January 2009 and 30 percent below the 20-year average, data compiled by Bloomberg and Morgan Stanley show.
“Stocks look like buys,” Nicholas Smithie, the New York- based emerging-market strategist at UBS AG, Switzerland’s biggest lender, said in an Aug. 8 telephone interview.
China’s Shanghai Composite Index climbed 0.9 percent, while Taiwan’s Taiex Index jumped 3.3 percent and Indonesia’s Jakarta Composite Index advanced 3.4 percent. Russia’s Micex Index increased 0.4 percent.
China’s yuan rose to a 17-year high against the dollar, the ruble rallied 1.2 percent and Mexico’s peso strengthened 2.2 percent. Poland’s zloty gained 0.2 percent against the euro.
For the complete article.
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Income Security Recommendation January 2013 Issue.
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