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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
|
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)
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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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Difference blows away bubble fear |
fundstrategy - Oct. 11, 2010 - by Ariel Bezalel
The question haunting bond markets is: are bonds trading in a bubble and is there any value left to find? To get a clearer idea of where the market is, it is useful to look at where it has traded historically.
The graph below (top) shows that although absolute yields are low in historical terms, the difference in yields between investment grade corporate bonds and government bonds - otherwise known as the spread - is no less than the average from 1919 to date.
Similarly the spread between high yield bonds and government bonds matches the average since 1999 (see graph, bottom). These two statistics give less weight to the suggestion that we are in a bubble.
The West will probably muddle through the aftermath of the financial crisis, with central banks pulling out all the stops to stave off a double dip or a Japanese style “lost decade”.
If this is the case, investment grade bonds and the better-quality end of the high yield market should continue to perform.
(article continues)
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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