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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: |
|---|
| 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)
|
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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The Worst Prediction Of 2011: Municipal Bonds |
Seeking Alpha - Dec. 23, 2011 - By Lou Basenese
It’s Friday in the Wall Street Daily Nation. That means it’s time to go to the charts to present some important investment and economic insights.
Seeing that it’s the end of the year – and everyone’s making bold predictions for 2012 – I thought it would be nice to do the opposite. Instead of looking forward, let’s look back.
The purpose? To identify the worst prediction of 2011.
Meredith Whitney, Come on Down!
Almost a year ago to the day, banking analyst, Meredith Whitney, appeared on “60 Minutes” to declare that municipal bonds were doomed. Specifically, she forecast “hundreds of billions” in municipal defaults during 2011.
Fast-forward to today and the $2.9 trillion muni bond market only suffered $2.1 billion in defaults this year, according to Matt Fabian, Managing Director of Municipal Market Advisors. That’s nowhere near the record of $8.2 billion set in 2008.
Even if we use a more liberal definition – lumping in bankruptcies and the use of reserve funds for payments – we only get to about $20 billion, based on estimates from Richard Lehmann, Publisher of the Distressed Debt Securities Newsletter.
The end result? Instead of being one of the worst-performing assets for the year, muni bonds were one of the best. Just take a look at the performance of the iShares S&P National AMT-Free Muni Bond Fund (MUB), which I recommended to premium subscribers on February 3, 2011.
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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