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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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| 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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We already survived the equivalent of a very small euro default |
NASDAQ - Nov. 30, 2011 - By Emerging Money
In terms of raw debt, the recent bankruptcy of Jefferson County, Alabama was the equivalent of one of the smallest euro zone members such as Malta defaulting on its obligations.
As reported in a Wall Street Journal article by Kelly Nolan, "The bankruptcy filing of Jefferson County, Ala., has caused alarm bells to ring in the municipal bond market." As detailed in her piece, "Muni Market Sounds Alert," municipal bonds issued by Jefferson County have been trading almost 25% below the issue price.
Jefferson County is hardly alone. As reported in a recent Time magazine article, major US cities such as San Diego and San Jose are looking at bankruptcy in the future if financial conditions do not improve due, primarily, to soaring pension obligations and declining tax revenues. Should San Diego or San Jose file for bankruptcy, that would once again be the equivalent of a Malta default. From even a vast state such as California, that would be similar to a default from a mid-tier euro zone nation like Austria or perhaps Belgium.
Read more: http://community.nasdaq.com/News/2011-11/we-already-survived-the-equivalent-of-a-very-small-euro-default.aspx?storyid=106000#ixzz1fOjxwO3o
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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