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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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| 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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Bonds, Gold Gain as Dollar Declines on Speculation Fed to Buy More Assets |
Bloomberg - Sept. 22, 2010 - By Rita Nazareth and Claudia Carpenter
Bonds rose around the world, the Dollar Index fell to a six-month low and gold climbed to a record on speculation the Federal Reserve will put more cash into the economy. Stocks retreated in the U.S. while rallying in emerging markets.
The gain in 10-year Treasuries sent yields down to 2.52 percent, the lowest in three weeks, and 10-year British gilt yields slid 14 basis points to 2.98 percent as of 11:50 a.m. in New York. The Dollar Index, a gauge of the U.S. currency versus six top trading partners, sank to the lowest level since March. The Standard & Poor’s 500 Index dropped 0.5 percent to 1,133.75, while the MSCI Emerging Markets Index jumped to a two-year high as developing nation currencies rallied against the dollar.
The Fed said yesterday for the first time that slowing inflation and sluggish growth may need more action, positioning it for expanding a near-record $2.3 trillion balance sheet as soon as November. Portuguese government bonds rose after the country sold 750 million euros ($1 billion) of debt.
“Equity markets are trying to strike the right balance between the willingness of the Fed to do more and its ability to deliver good outcomes,” Mohamed A. El-Erian, chief executive officer of Pacific Investment Management Co., which runs the world’s biggest bond fund, wrote in an e-mail to Bloomberg News. “The Fed took a step towards acknowledging a more challenging economic outlook, but stopped short of a full recognition and implementing additional policy actions.”
Treasuries Rally
Treasuries rose for a fourth day, driving the yield on the 10-year note 6 basis points lower. Two-year yields fell to as little as 0.4074 percent, a record low. The Fed is scheduled to buy Treasuries due from March 2013 to August 2014 today as part of its effort to keep borrowing costs low. Japanese bonds advanced for a second day as the Fed’s willingness to ease monetary policy further spurred speculation the yen will strengthen and hurt domestic company profits.
The S&P 500, which closed at a four-month high on Sept. 20, slipped for a second day as technology shares slumped on forecasts that disappointed investors. Adobe Systems Inc. lost 20 percent after the maker of graphic-design software forecast sales that trailed estimates, while PMC-Sierra Inc. sank 8.2 percent as the chipmaker reduced its third-quarter sales estimate.
The German 10-year bund yield slid 11 basis points to 2.34 percent and the yield on the equivalent French security dropped 10 basis points to 2.69 percent. The yield on the 10-year Portuguese bond fell 15 basis points to 6.04 percent after the government auctions.
European Stocks
Almost four stocks fell for each that rose on the Stoxx 600, while all of 19 industry groups retreated except for basic materials companies. Daimler AG fell 1.7 percent after la Repubblica reported that it made a 9 billion-euro “pre-offer” for Fiat SpA’s truck and tractor unit. Daimler said today that it isn’t in talks with Fiat about taking over the Italian carmaker’s industrial operations. Banco Santander SA slumped 2.7 percent after Spain’s biggest lender was cut to “neutral” from “outperform” at Credit Suisse Group AG.
Asian stocks rose, driving the MSCI Asia Pacific Index to an almost five-month high, after the Hong Kong Monetary Authority said the city’s economy will grow and an index of leading Australian economic indicators climbed. Sun Hung Kai Properties Ltd. advanced 1.8 percent, while Mitsui Fudosan Co., Japan’s biggest developer by sales, gained 1.7 percent.
CSL Ltd., the world’s second-biggest maker of treatments derived from blood, climbed 3.4 percent in Sydney on optimism it will benefit from the recall of a competitor’s product.
Gold for immediate delivery rose as much as 0.7 percent to $1,296.30 an ounce.
Oil Inventories
Crude oil for November delivery slipped 0.8 percent to $74.41 a barrel on the New York Mercantile Exchange following a U.S. government report showing an unexpected increase in inventories.
For the complete article visit Bloomberg.com
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