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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
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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
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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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The U.S. Government Bond Bubble (And What To Do About It) |
TIME Moneyland - Dec. 27, 2011 - By Michael Sivy
Treasury bond prices will likely suffer a major decline in the next few years. Here are eight high-yielding stocks that are a smarter alternative for the income part of your portfolio.
America’s finances are deteriorating. The Federal debt has increased by more than 50% over the past three years. New liabilities in 2011 totaled $1.3 trillion. And there is no prospect of a quick fix that would bring this snowballing debt under control. As a result, rating agencies have warned that the U.S. credit rating is at risk of a downgrade.
Nonetheless, U.S. Government bonds have been in a major bull market – some analysts are even calling it a bond bubble. Indeed, just as easy money produced a boom in technology stocks in the late 1990s and a housing bubble six or seven years later, a similar boom-and-bust cycle now appears to be under way for government bonds. Prices of long-term Treasuries are up as much as 30% since early this year. Why have such big gains occurred at a time when the finances of the U.S. government are getting so much worse? There are three reasons:
Extremely stimulative Fed policy. Ever since the banking crisis in 2008, the Federal Reserve has been pumping massive amounts of money into the U.S. economy. As a result, interest rates on 10-year Treasury bonds have dropped from 3.9% in 2010 to around 2% today. And since bond prices rise as interest rates fall, Fed policy alone would be enough to create a bond boom.
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Diminished demand for borrowing. Businesses have little need to invest and expand when business is so slow. In fact, many companies are sitting on large cash hoards, waiting for a sustainable recovery. And although consumers might like to borrow more, their actual demand for loans has been reduced by the difficulty of getting credit approval. As a result, outstanding consumer debt is lower today than it was before the 2008 banking crisis, and so is mortgage debt.
Read more: http://moneyland.time.com/2011/12/27/the-u-s-government-bond-bubble-and-what-to-do-about-it/#ixzz1hkpd5Rfw
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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