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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)
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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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Looking for Income-Producing Investments? Check Out Muni Bonds |
FOX BUSINESS - Nov. 21, 2011 - By Gail Buckner
If you’re looking for income-producing investments, don’t overlook municipal bonds. Thanks to a rarely-seen anomaly in the fixed-income markets, as of late last week, the yields on tax-free debt instruments were higher than those on Treasuries with comparable maturities- both on an absolute as well as an after-tax basis. (1)
According to Konstantine Mallas, manager of the $2.8 billion T. Rowe Price Tax-free Income fund, in his 25-years in the investment industry, “Never had I seen it happen before the credit crisis in 2008.” Since then, he says, it’s occurred more frequently.
In most cases, the interest paid on municipal bonds is not subject to federal- and sometimes state- income tax.(2) Because of this advantage, munis can pay a lower interest rate and still be attractive on an after-tax basis to investors in higher tax brackets.
However, turmoil in the bond markets both here and abroad, has turned the normal relationships among fixed income investments topsy-turvy, creating a window of opportunity for investors. To understand why, we need a brief math lesson. (Sorry.)
While the interest rate or “coupon” on a bond is fixed when it is issued, the price of a bond fluctuates. This affects what’s called the “yield” of the bond, which is a way to measure the “bang-for-your-buck.” In others words, yield tells you how much of a return you get for every dollar you pay for an investment. In the case of bonds, yield is simply the annual income it pays divided by what it would cost to buy it:
Yield = Income/Interest Paid
Bond Price
Read more: http://www.foxbusiness.com/personal-finance/2011/11/21/looking-for-income-producing-investments-check-out-muni-bonds/#ixzz1eMGAK7GB
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| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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