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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
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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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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Emerging-Market Equities to Outperform Bonds, JPMorgan Says |
Bloomberg Businessweek - Dec. 1, 2010 - By Jason Webb and Michael Patterson
Emerging-market bonds will underperform developing-nation equities next year as U.S. Treasury yields rise, according to JPMorgan Chase & Co.
Bond returns are likely to be between 4 percent and 8 percent in 2011, compared with 25 percent for developing-country equities, Joyce Chang, the head of emerging-market research at JPMorgan in New York, wrote in a note dated Nov. 29.
Local-currency debt will probably return 8.3 percent next year as the extra yield investors demand to own developing- nation governments’ dollar bonds over U.S. Treasuries declines by about 70 basis points, she wrote. The yield on U.S. 10-year notes will rise to 3.45 percent by the end of 2011, she wrote, compared with 2.9 percent today.
Falling U.S. Treasury yields driven by U.S. monetary-policy easing have propelled emerging-market bond performance this year, with the JPMorgan EMBI Global index returning 12.4 percent so far in 2010. The U.S. Federal Reserve’s plan to buy $600 billion worth of Treasury bonds has been the “major driver of markets” since August, according to JPMorgan.
“After posting 13 percent year-to-date returns in 2010, it will be a struggle for emerging-market fixed-income assets to generate even half that return in 2011,” Chang wrote, adding that investors were asking themselves “whether 2011 will be the year of outperformance by emerging-market equities rather than emerging-market fixed income.”
For the complete article visit businessweek.com
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