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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)
|
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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Bernanke Says Fed Ready To Act |
Dow Jones, September 8, 2011
Federal Reserve Chairman Ben Bernanke said Thursday the central bank has the tools to provide more support to the sluggish U.S. economy, but declined to say whether it is prepared to use them in less than two weeks.
In remarks at the economic club of Minnesota, Bernanke said the central bank expects the recovery to continue at a slower pace than it did in June and for inflation to come down later this year following a spike in the first half.
After making a conditional pledge Aug. 9 to keep short-term interest rates near zero until mid-2013 in an effort to ease credit, Fed officials will discuss the remaining tools they have and "are prepared to employ those tools as appropriate," Bernanke said. Using the same language as in a Jackson Hole, Wyo., speech Aug. 26, the Fed chief left the door open to more stimulus but didn't commit to it.
Bernanke's speech here is the last one before a much-anticipated meeting of the Fed's decision-making body on Sept. 20-21. An economic slowdown over the summer has led Fed officials to consider taking new unconventional steps to try to spur growth. Though officials are divided, a majority appears ready to act.
What the Fed chairman did not say in his speech may be more important than what he said. After a very weak August jobs report last week, expectations have built up that the Fed will announce a shift in the composition of the central bank's bond portfolio so that it holds more long-term securities and fewer short-term ones. The measure, dubbed "Operation Twist" in financial markets, would be aimed at boosting the economy by lowering long-term interest rates further.
U.S. stocks fell in afternoon trading, after Bernanke's prepared remarks for a speech in Minneapolis revealed no new insights into what the central bank may do to help the struggling U.S. economy at its meeting later this month. Bernanke's prepared remarks were broadly similar to what the central-bank chief said late last month at Jackson Hole, Wyo. Bernanke said the Fed has a range of ways to provide more stimulus and stands ready to use the tools at its disposal to prop up the economy. But he stopped short of specifying what the Fed might do during the much anticipated meeting of the Fed's decision-making body on Sept. 20-21.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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