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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
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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)
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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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High-yield corporate bonds still a good bet: Schroders |
FT Adviser - Dec. 2, 2010 - by Simoney Girard
High-yield bonds will still deliver next year, according to Wes Sparks, lead manager of Schroders Global High Yield fund and head of US fixed income.
Speaking at the Schroders' Investment Conference in New York, Mr Sparks said that risk assets, such as high-yield corporate bonds, have been able to "dig up" another double-digit performance this year, in line with his original forecast of a 12 per cent to 13 per cent total return.
Another rally this autumn, coinciding with the US Federal Reserve's additional fiscal stimulus into the US economy, alongside continued threats to equity markets globally, has seen people flock to the higher-yielding bonds.
"This has meant that talk in the market has turned to the subject of risk asset bubbles when too much money chases too few opportunities and valuations get pushed to excessive levels.
"I believe that global stimulus could have that effect over the longer-term but as we look to next year, I find it hard to see a bubble within global high yield, where valuations still look fully justified."
He said that the corporate bond sector still looked robust, with company fundamentals looking stronger, default rates declining and corporates still offering a much more attractive spread relative to the yields available on government bonds.
He said that US treasuries, or T-bills, were yielding around 1.5 per cent, compared with the global high yield bond index, which was paying out around 7.7 per cent.
Mr Sparks added: "This suggests that there is still room for global high yield to outperform, with more than sufficient compensation for the risk of defaults within the high-yield universe."
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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