Yahoo Finance Zions Direct Municipal Bond Market Snapshot for Week Ending November 8, 2013
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Zions Direct Municipal Bond Market Snapshot for Week Ending November 8, 2013
Auction results and MSRB trade data for the week of November 4, 2013 to November 8, 2013
SALT LAKE CITY - Zions Direct, the online broker-dealer that allows its customers to purchase corporate bonds in its daily web-based auctions, announces its weekly auction results. Since 2006, Zions Direct has auctioned over $3.4 billion in more than 11,500 fixed-income auctions.
Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)
Issuer | Term | Rating | Auction Yield |
Cook Cnty Sch Dist #105, IL GO | 2 Month | AA | 1.11% |
North Carolina Med Care, NC Rev | 3 Month | A | 1.00% |
Travis Co, TX GO | 4 Month | AAA | 0.65% |
New York St Envrnm Fac, Rev | 5 Month | Insured AA | 1.00% |
State of Pennsylvania, Cop | 5 Month | AA | 1.33% |
Park City, UT GO | 6 Month | AA | 0.70% |
Carver Cnty, MN GO | 6 Month | AA | 0.75% |
West Fargo, ND GO | 6 Month | AA | 0.85% |
State of Wisconsin, GO | 6 Month | Insured AA | 0.95% |
Millbrook Cntrl Sch Dist, NY GO | 7 Month | Insured AA | 0.83% |
Green River Sch Dist #2, WY GO | 7 Month | AA | 0.95% |
Cheektowaga Cen Sch Dist, NY GO | 7 Month | Insured AA | 0.95% |
Des Moines, IA Rev | 7 Month | AA | 1.14% |
Rhode Is Econ Dev Corp, RI Rev | 7 Month | Insured AA | 1.20% |
Rondout Vly Cntrl Sch Dist, NY GO | 7 Month | Insured AA | 1.30% |
Cleveland Cnty Ed Facs, OK Rev | 7 Month | A | 1.74% |
Brevard Cnty Sch Brd, FL COP | 8 Month | Insured AA | 0.95% |
Scottsdale USD #48, AZ GO | 8 Month | AA | 1.15% |
So Cal Public Pwr Auth, CA Rev | 8 Month | AA | 1.25% |
Copperas Cove, TX GO | 9 Month | AA | 0.85% |
Gloucester Cnty, NJ GO | 9 Month | Insured AA | 1.00% |
Camino Real Reg Mob Auth, TX Rev | 9 Month | AA | 1.17% |
Piedmont Unif Sch Dist, CA GO | 9 Month | AA | 1.19% |
Banks Cnty Sch Dist, GA GO | 10 Month | Insured AA | 1.15% |
Stafford Twp Brd of Ed, NJ GO | 10 Month | Insured AA | 1.39% |
Bolton, MA GO | 11 Month | AA | 1.00% |
Missouri Hlth & Ed Facs, MO Rev | 11 Month | A | 1.44% |
Plymouth Dist Library, MI GO | 1 Year | Insured AA | 0.95% |
Lehigh Cnty Gen Prp Auth, PA Rev | 1 Year | A | 1.10% |
Albany Cnty, NY GO | 1 Year | AA | 1.39% |
Higher Ed Student Asst Auth, NJ Rev | 13 Month | AA | 1.09% |
Univ of Connecticut, CT Rev | 15 Month | Insured AA | 1.30% |
Zions Direct, in conjunction with BondDesk Group LLC, regularly publishes a Market Snapshot for investors to help understand the current bond market, summarizing current weighted-average yields of investment-grade municipal and corporate bonds.
ZIONS DIRECT / BONDDESK® MARKET SNAPSHOT
Municipal Bonds` Average Yields Trade Data* (source:MSRB)
2013 | 2014 | 2015 | 2016 | 2018 | 2020 | 2023 | |
Rating | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | |
AAA | 0.22% | 0.32% | 0.42% | 0.67% | 1.17% | 1.87% | 2.43% |
AA | 0.27% | 0.30% | 0.42% | 0.69% | 1.29% | 2.14% | 2.73% |
A | 0.40% | 0.53% | 0.61% | 1.14% | 1.63% | 2.52% | 3.27% |
BBB | 5.04% | 2.71% | 1.83% | 3.84% | 5.05% | 4.20% | 5.16% |
Insured AAA-AA | 0.33% | 0.41% | 0.51% | 1.09% | 1.69% | 1.93% | 2.50% |
*Terms are defined as follows: < 9 months = anything up to .75 years to maturity; 1 year = anything greater than 0.75 years up to 1.5 years to maturity; 2 years = anything greater than 1.5 years up to 2.5 years to maturity; 3 years = anything greater than 2.5 years up to 4 years to maturity; 5 years = anything greater than 4 years up to 6 years to maturity; 7 years = anything greater than 6 years up to 8.5 years to maturity; 10 years = anything greater than 8.5 years up to 11.5 years to maturity.
THE INFORMATION IN THE MARKET SNAPSHOT IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.
For more information about Zions Direct and to sign up to receive the free weekly e-newsletter, visit zionsdirect.com. This and past Market Snapshots can be found at think.zionsdirect.com.
Market Snapshot Information Disclaimer
MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of November 8, 2013. The Trade Data was developed by BondDesk Group based on information from MSRB`s Real-Time Transaction Reporting System, and excludes transactions in taxable bonds. Auction information from auctions.zionsdirect.com as of November 8, 2013. The aggregate rating for each bond is based on average ratings from Moody`s and S&P (when available).
Although information in this Market Snapshot is believed to be reliable, Zions Direct and BondDesk make no express or implied warranties of any kind regarding this information, including as to its accuracy or completeness. Auction data excludes bonds in undersubscribed auctions. Any specific weekly results may be heavily influenced by large, atypical volatility, trade volume, or other unusual investing events.
Municipal bonds are exempt from federal tax and may or may not be tax-exempt in individual states. The inclusion of municipal bonds selected by tax-exempt status is generated from pertinent federal tax attributes as populated from Muller, IDC, and/or BD ATS data sources.
Investment products and services offered through Zions Direct, member of FINRA/SIPC.
Investment Products: Not FDIC Insured · No Bank Guarantee · May Lose Value
Zions Direct is a wholly owned non-bank subsidiary of Zions Bank.
-end-
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Zions Direct via Thomson Reuters ONE
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