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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
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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
|
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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Record Demand Seen for Build America Bonds |
CNBC - Dec. 7, 2010 - By Jesse Bergman
Just weeks before the Build America Bonds program is set to expire, issuance and demand for the government-subsidized notes have reached a fever pitch.
Pricing pressure from a glut in supply, uncertainty over changes in the government’s subsidy levels, and a spike in the Treasury’s 30-Year bond—to which municipal notes are typically pegged—have pushed yields higher, according to investors.
Some investors and analysts say this may be the sweet spot for buying the Build America Bonds, which are now the fastest-growing part of the $3 trillion municipal debt market. “We think we’re at the high for yields,” says one muni bond investor. “If you’re going to buy, now is the time.”
Striking a similar tone in a recent note to clients, Citigroup [C 4.5999 0.1499 (+3.37%) ]
fixed-income strategist George Friedlander recommended that investors start “aggressively adding to their positions” if they haven’t already.
Last month, states and municipalities issued a record $15.8 billion in Build America Bonds, the highest one-month total since the program began in April 2009, according to data kept by Thomson Reuters. December could see similar, if not higher, demand, say investors, as an estimated $10 billion in Build America Bonds is expected to hit the market in the coming weeks.
And more issuers continue piling in. The New Jersey Turnpike Authority is selling $1.5 billion in Build America Bonds later this week, the largest of any offering scheduled for the rest of the year, according to Thomson Reuters. In addition, projects in Alaska, California, and Missouri, will look to price hundreds of millions in Build America Bonds, as well.
For the complete article.
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| Stuff to look at |
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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