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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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Much Ado About Nothing? |
MORNINGSTAR - August 29, 2011 - By Dave Sekera
With no major announcement from Bernanke on Friday, some arm-twisting might be needed before a consensus is reached in the Fed.
After the continual buildup during the past few weeks of "Will he, or won't he?" conjecture, Federal Reserve chairman Ben Bernanke's speech at Jackson Hole, Wyo., finally came and went with no overt innuendo of the Fed's next move. The text of his speech, the tone of his voice, and even his body language have likely been picked apart ad nauseum by Fed watchers.
However, it appears that the Fed's next move won't be decided until its next meeting (Sept. 20-21). Typically this meeting is a one-day affair, but it has been scheduled for two days to provide additional time for the Fed to analyze and discuss its potential next moves. This telegraphs to us that the Fed members are not all on the same page. Considering three members dissented with the change in language after the last meeting, a few arms may need to be twisted before a consensus is reached.
The equity market recovered some lost ground as the S&P 500 rose 4.7% for the week, but credit spreads continued to widen, signifying that the consensus outlook among the credit market for the second half of the year is dubious at best. The Morningstar Corporate Bond Index widened 10 basis points last week to +217, levels the market has not broached since October 2009. Early in the week, the number of BWICs (bid wanted in competition) easily outpaced the OWICs (offer wanted in competition). On Friday, when credit spreads should have tightened in conjunction with a rising stock market, trading volumes were especially muted and the bid for bonds just didn't seem to be there. As one trader described it, either market participants were on vacation, or were leaving the office early to get out of Dodge before Hurricane Irene made its way to New York.
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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