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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
|
2.96% |
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S&P New York Bond Index
|
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
|
848.03 |
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S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
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S&P U.S. Preferred Stock Index (TR)
|
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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California’s $2 Billion Bond Sale Draws Individuals for 12.5% of Offering |
Bloomberg - Oct. 17, 2011 - By Michael B. Marois and James Nash
California, the most-indebted state, took orders from individual investors for 12.5 percent of $2 billion in general-obligation bonds, offering yields of as much as 4.87 percent for 30-year debt.
Individuals placed orders yesterday for $250 million of the $1.8 billion in tax-exempt securities in the sale that concludes tomorrow, Tom Dresslar, a spokesman for Treasurer Bill Lockyer, said by e-mail. Preliminary yields ranged as low as 1.15 percent on three-year securities.
Lockyer said he expected California would have to pay more than when he offered $2.5 billion in September. Yields on 30- year top-rated municipal bonds have risen 7 percent since Sept. 26, according to Bloomberg Valuation indexes.
“The market yields are up a little bit and so we will probably have to pay a little more than would have been true a month ago,” Lockyer said in an interview yesterday.
Ten-year bonds were priced to yield 3.51 percent, or 34 basis points more than comparable maturities in September. The 30-year bonds were offered at 7 basis points more than in September. A basis point is 0.01 percentage point.
In the September sale, the state sold a total of 25 percent of the bonds to individual investors over two days.
The 10-year bonds in the current sale were offered at 98 basis points above top-rated tax-exempt debt, while the 30-year bonds were offered at 117 basis points above AAA debt. That’s down from 109 basis points on 10-year bonds in September and up from 114 basis points on the 30-year bonds.
The so-called retail sales period is expected to conclude tomorrow and be followed by orders from institutional investors on Oct. 19, Dresslar said. In addition to the $1.8 billion in tax-exempt bonds, California is offering $200 million in taxable debt.
For the complete article.
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