Home Peter Hayes, Head of Municipals for Blackrock Talks Turkey
Best of the Bond Market

Peter Hayes, Head of Municipals for Blackrock Talks Turkey

David Waring

Best of the Bond Market for March 14th, 2012

Tweet and Video by @blackrock

What Will Drive Muni Market Performance Going Forward?  – Our Take: Great video interview of the Head of Municipals for Blackrock (the largest asset manager in the world) Peter Hayes. Here are the highlights:

  • There are still lots of good opportunities in the Municipal Market to earn income, which is the focus of most investors in the municipal bond market.
  • Municipal Bonds as an asset class remain attractive relative to Treasuries and Other Fixed Income asset classes.
  • Significant tax policy change affecting the muni market won’t occur until 2013 and the outcome of the election is going to be a big factor so need to take a wait and see approach there.
  • Stress to the weaker local municipalities remains problematic and we are going to see lots of negative headlines continue to come from cities like Stockton CA, Detroit MI, and Providence RI
  • While the news is going to focus on the above, bankruptcies in relation to the overall market will remain minimal.
  • They are finding the most value in revenue sectors like transportation in healthcare.  Especially in the A rating range given their wide spreads.
  • Security selection remains the most important element.
Tweet and Post by @ritholtz
Who Hates Treasuries? Everybody! – Our Take:  You have to read down to the bottom to get to it but Barry’s point here is that while everyone is chiming in now about not wanting to be in Treasuries: “The problem is that we have heard it over and over and for nearly a decade.  And, for nearly a decade, this call has been dead wrong.”  There is also a nifty chart in the article which compares Treasury Yields to Consumer Confidence.
Tweet by @jayrosen_nyu  article by @nytimes
Why I am Leaving Goldman Sachs by Greg Smith – Our Take: If you followed the financial news at all today you saw this story.  I don’t understand why this comes as such as shock to everyone.  Michael Lewis wrote Liar’s Poker, which is basically a longer version of Greg’s story on investment banking in 1989.  The The firms are different but the story is the same.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission on real stocks

Rating

64 traders signed up today

Visit Now

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account

David Waring

David Waring

David Waring was the founder of LearnBonds.com and has been a major contributor to the extensive library of investing news and information available on the site. Until the launch of Learnbonds.com in late 2011 there was no single site on the internet catering exclusively to the individual bond investor. This was true even though more individuals own stocks than bonds. Learn Bonds was launched to fill that gap.