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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
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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
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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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Fed puts bond "steepening trade" back in vogue |
Reuters - Nov. 4, 2010 - By Emily Flitter and Jennifer Ablan
(Reuters) - A dramatically steeper U.S. Treasury yield curve may be the new norm now the Fed has told bond investors it plans to stoke inflation to revive the economy.
The Fed said on Wednesday it expects to purchase $850 billion in Treasuries by the middle of 2011, more than half of the roughly $1.3 trillion in debt the U.S. government is expected to issue next year.
In its decision, the Fed said measures of inflation "have trended lower in recent quarters" and underlying inflation is "somewhat low."
By some measures the Fed's buying program was more than financial markets expected.
However, it didn't impress everyone and with the average maturity of the new purchases between five and six years, longer dated bonds took a beating.
The Fed's strategy is to prevent a slide in inflation from becoming a deflationary spiral of falling wages, growth and business activity, even if it triggers rapid price increases.
"The Fed is actively pursuing a pro-inflation stance," said Bret Barker, portfolio manager with the TCW Group.
That is bad news for the longer end of the Treasury curve. The 30-year long bond tumbled more than two points in price.
For the complete article visit REUTERS
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| Partner Market Place |
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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