Zions Direct Municipal Bond Market Snapshot for Week Ending November 8, 2013


Russell Fisher
Vice President
(801) 844-7826

Alison Andersen
Communications Officer
(801) 844-7710

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.

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:


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.


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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