|
|
|
|
| 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
|
|
|
|
 |
|
|
|
|
|
|
Examining Muni-Bonds, Credit Raters, MF Global: Compliance |
By Carla Main
(Updates with ex-State Street Executives in Courts; and MF Global Special Section in Compliance Action.)
Nov. 1 (Bloomberg) -- U.S. financial regulators are examining the rising use of loans to state and local governments that allow public officials to take on added debt without disclosing it to municipal-bond investors.
Officials with the Municipal Securities Rulemaking Board, which writes regulations for the $2.9 trillion tax-exempt bond market, have discussed the issue with the Securities and Exchange Commission, Alan Polsky, chairman of the MSRB, said on a conference call with reporters yesterday. Polsky said the board and the agency are concerned about bank loans.
Standard & Poor’s in July estimated that municipalities may borrow as much as $75 billion from banks this year, while Fitch Ratings has also said localities should disclose information about such direct deals with banks. The MSRB, based in Alexandria, Virginia, said in August that loans could fall under some securities rules. It is urging the SEC to weigh in on the matter.
The loans may leave investors unaware about rising debt obligations that could affect their credit ratings, Polsky said.
Compliance Policy
CFTC Approves Private-Fund Risk Reporting in Joint Rule With SEC
The Commodity Futures Trading Commission approved a final rule requiring certain advisers to private funds dually registered with the Securities and Exchange Commission to report information for use by the Financial Stability Oversight Council in monitoring risks to the U.S. financial system.
The CFTC announced its approval of the rule, passed by the SEC on Oct. 26, in a statement yesterday.
G-20 to Focus on 29 Biggest Banks, German Official Says
Global regulators will call for capital surcharges on 29 of the biggest banks to reduce risks to the financial system, a German government official said.
The list of so-called systemically relevant banks affected by the rules will be published at the end of the Group of 20 summit in France this week, the official told reporters in Berlin yesterday on condition of anonymity because the negotiations are private. He declined to reveal the banks’ names.
G-20 governments had previously considered naming as many as 50 banks as systemically important to the global economy and in need of extra capital, two officials from member nations said Oct. 16. Regulators have clashed with some institutions over the additional capital rules.
Leaders of the G-20 will discuss improved supervision and ways to ensure that such banks can be restructured or wound down without causing shocks to the financial system, the German official said. Regulators will designate systemically relevant insurers later, he said.
The goal is to phase in the surcharges, drafted by the Basel Committee on Banking Supervision, in 2016 and reach the new capital levels by 2019, according to the official. The additional capital buffer requirement will range from 1 percentage point to 2.5 percentage points on top of expanded core capital requirements set by the Basel group last year.
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 [+] |
|
|
|
|
|
|
|
|
