|
|
|
|
| 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. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
The Long-Term Allure of Bonds |
THE WALL STREET JOURNAL - Sept. 14, 2010 - by Richard Barley
Is time running out for the bond rally that has lasted 30 years so far? With rates at zero and yields at record lows, bond-market bears warn that the clock is ticking: at the first sign of a durable recovery, investors will get burnt and fall out of love with bonds. That might be too simplistic, though. Bigger forces are at work.
Sure, there won't be a repeat of the extraordinary capital appreciation of the past 30 years: U.S. 10-year Treasury yields have fallen from nearly 16% in September-October 1981 to just 2.7% today as inflation was quashed and central banks cut rates. More recently, risk aversion has driven yields even lower. As a result, 10-year Treasurys have now outperformed stocks over the last 15 years in the U.S., while corporate bonds have been a better bet than stocks over the last 25 years, according to Deutsche Bank.
But powerful long-term trends are also helping to fuel the bull market. Aging populations in developed countries are likely to buy more bonds to preserve capital as they head for retirement. The late 1990s U.S. equity bubble coincided with a peak in the share of the U.S. population of high savers aged 35-54, while in Japan the peak arrived in 1990—the high point for stocks in Tokyo, notes Barclays Capital. At the same time, regulators are demanding that financial institutions hold larger buffers of high-quality bonds. Central-bank purchases of bonds for monetary policy purposes are also driving down yields.
For the complete article visit www.wsj.com
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
