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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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Muni Borrowing in 2012 May Rise 20% as Yields Sink, DeGroot Says |
Bloomberg - Nov. 25, 2011 - By Esmé E. Deprez
Municipal borrowers may sell 20 percent more long-term debt next year compared with 2011 as yields sink to near historic lows, according to Peter DeGroot, head of municipal research at JPMorgan Chase & Co. in New York.
As much as $350 billion of bonds maturing in more than 12 months may be sold in 2012, compared with $291 billion projected for this year, DeGroot and Josh Rudolph, an associate, said in a note to investors. Rates on tax-exempt debt will decline in the first quarter and remain low into the second, while rising by year-end, he said.
“We believe the past year’s focus on default risk and bankruptcies is a bit off the mark,” DeGroot and Rudolph said in the report, sent today. “General-obligation credit has two key exposures to the economic cycle: tax revenues and pension funding. Neither of the two are expected to deteriorate enough to broadly threaten ability to pay.”
In the first quarter of next year, yields on tax-exempt securities will fall by 20 basis points, or 0.2 percentage point, for five-year maturities to 35 basis points on 10-year and 40 basis points for 30-year debt, according to the report. By the end of December 2012, the analysts said yields will rise on five-year bonds by 30 basis points and 55 basis points for 30-year issues. A basis point is 0.01 percentage point.
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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