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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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| 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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Corporate Bond Investing in 2011: Strategies and Pitfalls |
CNBC - Dec. 22, 2010 - By: Patti Domm
Higher rates could make corporate bond investing a trickier prospect in 2011.
Joel Levington, managing director of corporate credit at Brookfield Investment Management, said one strategy is to fish for winners among the lower-rated investment grade bonds.
"In a market that's searching for yield, one way to play in the investment grade arena is to look for sectors you think have a benign to favorable prospect, and then look down in the ratings scale.
"So instead of getting the AA credit, you might want to look at BBB instead to get more yield. One sector where I think that fits well is technology, where the higher rated players are names like Hewlett-Packard [HPQ 41.735 0.255 (+0.61%) ], Cisco or IBM [IBM 145.48 -0.47 (-0.32%) ] and some of the lower-rated names might be Agilent, Tyco Electronics and Intuit," he said.
Levington said that strategy worked well in 2010, when the return on investment-grade bonds was about 10 percent. He sees a return of only 2 to 3 percent for 2011.
He pointed to the example of Cisco [CSCO 19.697 0.137 (+0.7%) ] — with a high A rating — which recently issued a 10-year, currently yielding 3.86 percent. That compares to Tyco Electronics [TEL 35.56 0.13 (+0.37%) ], which issued a bond with similar maturity currently yielding 4.75 percent. Tyco has a BBB rating from all three rating agencies with a positive outlook, so there is room for upgrades.
For the complete article.
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