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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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Senators unveil bill to spark US covered bond market |
REUTERS - Nov. 9, 2011
* Bill would set up regulatory framework for covered bonds
* Market seen as new way to raise money for mortgages
* Senate bill similar to House version
WASHINGTON, Nov 9 (Reuters) - A bipartisan group of U.S. senators on Wednesday introduced legislation designed to create a market for covered bonds, instruments that offer banks a way to raise money for new mortgages.
The legislation, introduced by two Democrats and two Republicans, would set up a regulatory framework for covered bonds.
The instruments, which already play an integral role in real estate funding in Europe, are securities issued by banks and backed by pools of loans.
They provide investors more options for highly rated securities, and are seen as less risky than the type of mortgage-bundling frenzy that fueled the 2007-2009 financial crisis.
A committee in the U.S. House of Representatives approved a similar bill in June on a largely bipartisan basis, although it has yet to reach the lower chamber for a full vote.
"With the housing market still struggling to recover, covered bonds are a common sense solution that can help bring private capital back into the housing market," Senator Chuck Schumer, a New York Democrat and co-sponsor of the bill, said in a statement.
Covered bonds could lessen reliance on the asset-backed securities market that underpins much of U.S. finance.
The White House has shown support in the past for the creation of a covered bonds bill, but prospects for passage remain uncertain.
For the complete article.
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| Stuff to look at |
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Income Security Recommendation January 2013 Issue.
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