|
|
|
|
| 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
|
|
|
|
 |
|
|
|
|
|
|
Time’s Up Meredith Whitney, Muni Prediction Was Wrong |
CNBC - Sept. 27, 2011 - By Gary Kaminsky
Just about a year ago today, rumors started to circulate in the sometimes sleepy and boring world of municipal finance.
The gist of the story was that a highly influential analyst was about to release a bombshell negative report. For portfolio managers running non-taxable bond funds, this was exciting.
Within asset management firms, these guys are way down in the social hierarchy; they normally sit in non-descript offices next to money market portfolio managers, chatting about things like duration, credit quality, and interest rate forecasts.
The actual release date of the "Tragedy of Commons" report still isn’t exactly clear, but Meredith Whitney was definitely deep into her non-deal road show by Nov. 11, when she appeared on CNBC.
Thus began a significant decline in municipal bond prices.
The crisis talk went into overdrive, of course, when Ms. Whitney appeared on 60 Minutes and warned that the $3 trillion municipal bond market faced the immediate threat of hundreds of billions of dollars in defaults.
To me, Ms. Whitney’s numbers didn’t add up. There was never a question, even in the bullish muni camps, that states had to get their budgets in-line.
State spending, just like federal spending, had gotten completely out of whack with revenue collection over the last decade.
For the complete article.
|
|
|
|
|
|
| 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 [+] |
|
|
|
|
|
|
|
|
