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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
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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)
|
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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The Bond Bubble That Wasn't |
Seeking Alpha - Sept. 22, 2011 - By Market Blog
With bonds rallying on Thursday, sending yields to record lows, the bond-bubble chorus that dominated headlines throughout 2010 is looking very misguided.
There have, of course, been many doomsayers on bonds as yields crept lower, and then lower still. But Jeremy Siegel stands out as one of the most articulate and well-placed. The professor of finance at the University of Pennsylvania’s Wharton School wrote an op-ed piece in the Wall Street Journal in August, 2010, headlined “The Great American Bond Bubble.”
He naturally compared the bubble in bonds to the bubble in Internet stocks a decade earlier, and warned of a similar outcome. “Those who are now crowding into bonds and bond funds are courting disaster,” he said, adding that “the possibility of substantial capital losses on bonds looms large.”
Mr. Siegel updated his views a month ago, warning that the Federal Reserve’s pledge to hold interest rates at ultra-low levels for the next two years, which drove yields lower, “reinflated the bubble to the bursting point.”
So far, no burst. The yield on the 10-year U.S. Treasury bond fell to 1.74 per cent on Thursday afternoon, amid a global stock market meltdown and rush into safety. (As bond prices rise, bond yields fall.) That’s an extraordinary level, an historical low, and down from 2.6 per cent when Mr. Siegel penned his first Wall Street Journal op-ed piece.
To be fair, bond yields have been jumping around a lot. The 10-year yield rose as high as 3.5 per cent earlier this year, amid optimism about the U.S. economic recovery – when some observers were saying "forget about the word 'recovery,' we’re back to economic expansion, baby" – before falling with a return to pessimism.
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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