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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
|
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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Another blow to state budgets: Build America Bonds end |
CNNMoney.com - Dec. 22, 2010 - By Tami Luhby
States and localities are about to kiss a vital source of funds goodbye.
The Build America Bonds program, a hugely popular Recovery Act initiative that allowed many state and municipal agencies to support infrastructure projects, is coming to an end on Dec. 31.
State and local officials had hoped Congress would extend the program by a year or two, but federal lawmakers have not been feeling very generous to states recently. They did not include the bonds in the $858 billion tax-deal, as some had hoped.
Nearly $180 billion in debt has been issued under the program since its inception in April 2009, according to Thomson Reuters. Build America Bonds account for more than a quarter of this year's municipal bond issuance, helping boost the sector to a record level.
The Obama administration created the program last year to help state and local agencies regain access to the bond markets after the financial crisis made it tough for them to borrow. These agencies depend on issuing tax-exempt debt to finance capital projects, but investors were demanding high interest rates amid the global financial meltdown.
Census: 10 fastest-growing states
Under the Build America Bonds program, the agencies issue taxable bonds with the federal government subsidizing 35% of the interest payments.
The money has been used to rebuild highways, shore up bridges, upgrade rail systems and put up college dormitories.
"In some cases, it allowed them to go ahead with vital infrastructure projects that they needed," said Daniel Berger, senior market strategist at Thomson Reuters Municipal Market Data. "This has given them access to capital to fund these projects."
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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