Out of equities into bonds

By Cate Long
August 4, 2011

As investors left the equity markets today, they moved into the fixed-income markets. The benchmark for bonds, the 10-year U.S. Treasury, had sharp gains and is now trading at 2.40 percent. The muniland equivalent benchmark, the 10-year AAA muni, ended at a slightly lower yield of 2.38 percent. (Remember the muni AAA has lovely tax advantages that push its yield much higher. Consult your accountant).

 

Yield

Market

Change

Dow - 4.31%
S&P - 4.78 %
Nasdaq - 5.08 %
2.40% 10-YR U.S. Treasury + 0.22 %
2.38% 10-YR AAA Muni + 0.07 %

 

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