|
|
|
|
| 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
|
|
|
|
 |
|
|
|
|
|
|
Stock Buybacks Are Now Exploding As Corporations Play The Bond Bubble Spread |
Business Insider - Oct. 7, 2010 - By Vincent Fernando, CFA
The massive cash holdings of U.S. companies is beginning to spill into the stock market. According to the Washington Post, American companies have already announced that they will buy back $273 of stock this year.
What's interesting is that many companies are announcing buybacks while at the same time maintaining substantial levels of debt.
For example, Pepsico (PEP) announced in March that it would increase its dividend and buy back $10 billion of stock. Meanwhile, it carries about $20 billion in debt, which means that the company chose to buy back shares rather than pay down debt.
You can't blame them either. It's the smart thing to do given that in the current market environment Pepsi only needs to pay about 3.9% to borrow money for ten years from bond-hungry investors, based on the market yield of its 2020 bonds currently. This is historically very low and contrasts with the company's stock price of $68 which is still below its past peak and trading with a price-to-earnings valuation at the lower end of its historical range.
Read more: http://www.businessinsider.com/corporations-cash-buybacks-2010-10#ixzz11gcT9HD1
|
|
|
|
|
|
| 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 [+] |
|
|
|
|
|
|
|
|
