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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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| More |
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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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An Income Trade on Treasury Bonds |
MoneyShow.com - Dec. 27, 2011 - By Carley Gamer
Bond market analyst Carley Garner provides a longer-term outlook for Treasury notes, explaining how traders can sell options on Treasuries to generate premium in the current environment.
We’re talking today with Carley Garner, who has a newsletter called The Bond Bulletin. Give us your long-term perspective on the bond market.
I think if you ask anybody that question, everybody’s going to say they’re bearish Treasuries. They expect interest rates to go up, but I’ll tell you what, I’ve been in this business for seven years and I’ve been hearing that every day for the entire seven years.
Long term, I’d say that probably is the answer, but what is long term? Is it two years, is it five years, is it ten years?
Eventually, rates are going to go up. Is it going to be next week or next month? Probably not; not dramatically, anyway.
Obviously we’re dealing with market conditions that are influenced by central banks, and it doesn’t matter that yields in the 30-year are under 3% and it seems crazy to put your money in 30 years, 3%, but those things don’t matter. People are trading on emotion, and with outside forces, it’s really hard to break the cycle.
Now you just mentioned central bank moves. Some of the central banks around the world—not just in the US—have been making some high-profile moves lately. Give us your perspective on how that could affect the bond market.
It’s interesting because the central banks seem to have more influence over the bond market simply by projecting what they’re planning on doing than actually doing what they’re doing.
I can tell you the last couple rounds of quantitative easing here in the US anyway, there was all this hype when people started speculating that it was going to occur, and how it was going to occur, and how much, but once they actually got in and started buying up their own Treasuries, the market came off, and it’s more of a “Buy the rumor, sell the fact” kind of cycle.
More.
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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