|
|
|
|
| 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. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
Meredith Whitney was wrong — or was she? |
InvestmentNews - Dec. 21, 2011 - By Evan Cooper
Timing is everything, and the high-profile analyst blew hers with that celebrated muni meltdown prediction for 2011; she still may end up being right, though
A year ago this week, analyst Meredith Whitney appeared on CBS TV's “60 Minutes” and predicted that a “spate” of municipalities — 50 to 100 or more, according to her reckoning — would default in 2011.
When asked to comment in the many press reports that followed, the big bond-rating agencies tsk-tsked, saying with a patronizing sneer that there was little to worry about. Given that these models of probity completely missed the disaster in mortgage-backed securities (and actually fueled the financial meltdown by turning MBS dreck into gold with their easy-to-buy seals of approval), the soothing words from S&P, Moody's and Fitch weren't all that reassuring.
Fortunately, time proved Ms. Whitney wrong. Well, let's call that wrong with an asterisk, because she definitely blew the timing but may be right about municipalities' underlying problems.
For now, most of America's cities, states and local governments continue to get by. True, there was one gigantic failure this year — Jefferson County, Ala. — which will go down in the history books as the nation's biggest municipal bankruptcy. But there was no cascade of municipal defaults over the past 12 months.
For the complete article.
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
