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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
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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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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Commercial REITs May Be Recovering |
Dow Jones, 17 October 2007
Real estate investment trusts have taken a drubbing along with anything housing- or financial- related, but REITS may be starting to bottom out, especially those not involved in the residential field, technical analysts say.
The MSCI U.S. REIT Index, RMS, topped out earlier in the year at 1238.34 on Feb. 8. But then credit issues overwhelmed the group and the index went into pretty much of a freefall until bottoming at 885.28 on Aug. 16, for a nearly 30% drop. From that low, the index was really able to make headway, retracing a bit more 50% of its loss over the prior six-and-a half- months.
The retracement was completed during Oct. 5, when the index got as high as 1080.93, a move that also put it above its 200-day moving average of 1068.80, which is viewed as a technical positive. Even though the index has pulled back over the past few days, to 1012.95, Jim Stanton, a technical analyst at Mt. Vernon Research, remains generally upbeat. Stanton’s prognosis is that the index is “bullish right now” unless it closes below 10007.
The level represents support in the form of an uptrend line from its August lows and just about exactly where its 50-day moving average stands.
Marc Pado, U.S. market strategist at Cantor Fitzgerald, most favors REITs that aren’t involved in residential real estate, feeling it’s too soon to make a call on the group.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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