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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
|
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
|
3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
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
|
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)
|
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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California Issuers’ $2 Billion Sales Exploit Pent-up Demand: Muni Credit |
Bloomberg - August 15, 2011 - By Michelle Kaske
California issuers plan to sell $1.8 billion of municipal bonds this week, as investor demand drives yields on the state’s 10-year debt to the lowest in 11 months.
California entities are generating about a third of this week’s total issuance even as borrowing from within the state has fallen compared with previous years. They will have sold $17 billion of long-term tax-exempt and taxable debt from January through Aug. 19, according to data compiled by Bloomberg. That’s below the $33 billion average for the fixed-rate securities for the same period since 2003.
“There’s been a real lack of California paper out here,” Bud Byrnes, chief executive officer of Encino, California-based RH Investment Corp., said in a telephone interview. “The market has rallied very strongly. There’s been a real flight to quality, or a flight to all fixed income, and the market will welcome all these new deals.”
Overall municipal issuance totals $6 billion this week following $3.95 billion last week. Sales from January through last week was $133 billion, compared with $238.5 billion during the same period in 2010.
Yields on tax-exempt debt fell this month, touching lows for the year as investors rushed to Treasury and municipal debt. Yields on top-rated 10-year tax-exempt bonds hovered at 2.29 percent yesterday. Yields on top-rated 30-year tax-exempt bonds rose 1 basis point yesterday to 3.86 percent after reaching a 2011 low of 3.85 percent Aug. 12. A basis point is 0.01 percentage point.
For the complete article.
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