|
|
|
|
| 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
|
|
|
|
 |
|
|
|
|
|
|
Deutsche Bank Buying May Signal Tax-Exempt Slump Nearing End: Muni Credit |
Bloomberg - Oct. 6, 2011 - By Michelle Kaske
Miller Tabak Asset Management and Deutsche Bank AG (DBK)’s U.S. wealth-management group are buying municipal securities, signaling that the $2.9 trillion market’s worst slide in at least two years may be nearing an end.
Interest rates on top-rated tax-exempt debt due in 10 years climbed to the most since August yesterday. They were as much as 123 percent above those on similar-maturity Treasuries, the highest since April 2009, according to data compiled by Bloomberg. The ratio has increased as issuers such as the Oklahoma Turnpike Authority borrow $8.7 billion this week, the busiest period since December.
“There’s a very good opportunity to take advantage of two markets which have gotten out of tilt from each other,” said Gary Pollack, head of fixed-income trading in New York at the private wealth-management arm of Deutsche Bank. The unit of Germany’s largest lender oversees $12 billion in debt.
Pollack said in a telephone interview that he sold 10-year Treasuries this week to buy general-obligation bonds. He declined to say how much he purchased. Philadelphia-based Janney Montgomery Scott LLC, which manages $11.8 billion in fixed income, said in an Oct. 5 report that it saw “opportunity knocking” in the rising ratio, which has eclipsed its historical average.
Finding Value
Investors are finding value in tax-free debt as Treasury rates have dropped since the Federal Reserve said last month it would buy more long-term securities to push down mortgage and other loan rates. Seven straight quarters of year-over-year improvement in state and local-government tax revenue are also spurring confidence that municipal defaults, which are running at about a quarter of last year’s rate, won’t accelerate.
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 [+] |
|
|
|
|
|
|
|
|
