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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
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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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Municipal bond market starting to turn heads |
InvestmentNews - Dec. 11, 2011 - By Jeff Benjamin
With yields matching - even beating - comparable Treasuries, munis are attractive to advisers
In stark contrast to the gloom and doom that plagued the municipal bond market a year ago, muni bonds have never looked as good as they do right now. Although there are some obvious forces driving the trend, it is nonetheless rare to see muni bonds compare so favorably with Treasuries and other taxable bonds.
Muni yields tend to skew lower, reflecting the benefits of their tax-exempt gains. The 10-year yield for a triple-A-rated muni was below 100% of the yield on the 10-year Treasury for years.
Between 2001 and 2007, for example, the average muni-to-Treasury-yield ratio was 86%.
Over the past few years, however, as Treasury yields have fallen and been artificially held down by the Federal Reserve's monetary policies, that ratio has been hovering above 100%, and on occasion even spiked to close to 200%.
In fact, the muni appeal has gotten so extreme that some professional money managers have actually started using tax-exempt muni bonds inside qualified retirement accounts.
“It's a tough argument right now, even for people really concerned about safety, to not look at muni bonds,” said J. Brent Burns, president of Asset Dedication LLC, which builds fixed-income separate accounts.
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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