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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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Company Bonds in ‘Sweet Spot,’ JF Asset Management’s Chang Says |
By Tom Kohn
Aug. 26 (Bloomberg) -- Corporate bonds are in a “sweet spot” because U.S. Treasury yields are in a range and volatility is falling, said Stephen Chang at JF Asset Management.
“What’s important in credit markets is we are seeing light at the end of the tunnel now,” Chang, head of fixed income for JF Asset’s pacific regional group, said in an interview in Hong Kong today. “We should see bond market volatility continue to decrease. That should be a good backdrop for corporate bonds to continue to outperform.”
Worldwide, bonds have returned an average of 11 percent to investors so far this year, according to Merrill Lynch & Co.’s Global Broad Market Corporate Index. Demand for corporate bonds has driven down the yield premium over government debt to near the lowest in a year, the Merrill data show.
JF Asset Management is part of JPMorgan Chase & Co.’s J.P. Morgan Asset Management, which manages about $1.1 trillion, according to its Web site.
“We still have spreads that are quite wide, consistent with a recessionary environment in previous cycles,” Chang said. “Once you look at valuation, corporate bond spreads are still very attractive.”
In Asia, Chang favors Korean bonds and Indonesian quasi- sovereign debt and energy bonds.
To contact the reporter on this story: Tom Kohn in Hong Kong attkohn@bloomberg.net
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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