Tag Archives: rieger

May 4, 2014

Floating Rate Asset Classes

In the weekend Wall Street Journal (May 3, 2014) there is an informative article entitled “The Risks of Floating Rate Funds”.  The article does a great job of delving into the risks of these types of structures and is quite timely as the low rate environment continues. The investor appetite for floating rate assets while facing…

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Feb 3, 2014

The Power of Dividends: Preferred Stock

Similar to fixed income securities, the U.S. Preferred Stock market has started 2014 with positive performance. The S&P U.S. Preferred Stock Index  (Total Return) ended January 2014 up 2.68% .  A good start given the S&P 500 Index (Total Return) was down 3.46%.  As a fixed income comparison the S&P/BGCantor U.S. Treasury Bond  7-10 Year…

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Feb 3, 2014

Puerto Rico and Indexing the Municipal Bond Market

Puerto Rico Bonds Removed from Investable Municipal Bond Indices On January 8, 2014, S&P Dow Jones Indices announced that it is removing bonds issued by Puerto Rico and other territories from the S&P National AMT-Free Municipal Bond Index effective  January 31, 2014. Why? Puerto Rico bonds no longer meet the objective of the index. The…

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Sep 20, 2013

Municipal Bonds Bounce Off Bottom

The US Municipal bond market has bounced off its recent bottom even as two anchors continue to weigh it down: Puerto Rico and tobacco settlement bonds. Investment grade tax-exempt bonds tracked in the S&P National AMT-Free Municipal Bond Index have seen a 2.32% positive total return since it’s year to date low on September 5th…

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Sep 11, 2013

Puerto Rico Munis…have they hit bottom?

The S&P Municipal Bond Puerto Rico Index ended September 10, 2013 down 19.14% total return year to date which was up slightly from the previous day.  Its too early to tell if  these bonds have hit bottom.  Puerto Rico municipal bonds have been weighing on the muni market since mid July. Join S&P Dow Jones…

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May 17, 2013

High Yield Munis Still Cheaper Than Corporate Junk

U.S. Municipal Bonds: (Data as of May 16,2013) Corporate junk bond yields have risen as mutual funds have seen outflows. Meanwhile, municipal high yield bonds have held their own. A rare twist in the markets may be ending as a result: yields of tax free high yield municipal bonds are 34bps higher (Yield to Worst)…

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