Zions Direct Municipal Bond Market Snapshot for Week Ending March 15, 2013 Auction results and MSRB trade data for the week of March 11, 2013 to March 15, 2013

SALT LAKE CITY, March 21, 2013 /PRNewswire/ -- 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 $2 billion in more than 8,000 fixed-income auctions.

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Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer

Term

Rating

Auction Yield

Brookline, MA GO

1 Month

AAA

1.00%

New Haven, CT GO

1 Month

Insured A

1.39%

Arlington Cnty, VA GO

2 Month

Insured AAA

0.68%

Baltimore Cnty, MD Cop

2 Month

Insured AA

0.75%

Dover, NH GO

3 Month

Insured AA

0.66%

Peoria Muni Dev Auth, AZ Rev

3 Month

AA

0.69%

Energy Northwest, WA Rev

3 Month

Insured AA

0.85%

New Jersey TurnPike Auth, NJ Rev

3 Month

Insured A

0.94%

Chandler Unif Sch Dist #80, AZ GO

4 Month

Insured AA

0.69%

El Paso, TX GO

5 Month

Insured AA

0.86%

Boston Wtr & Srw Comm, MA Rev

7 Month

Insured AA

0.80%

Gilbert, AZ Rev

7 Month

Insured A

0.81%

Mercer Cnty Impt Auth, NJ Rev

9 Month

Insured AA

0.75%

University of Houston, TX Rev

11 Month

AA

0.58%

Mansfield Ind Sch Dist, TX GO

11 Month

Insured AAA

0.90%

State of Florida Bd of Ed, FL GO

14 Month

AA

1.15%

Lake Cnty Sch Brd, FL Cop

14 Month

Insured A

1.54%

Bexar Cnty, TX GO

15 Month

Insured AA

1.00%

Bexar Cnty, TX GO

15 Month

AA

1.17%

Leon Cnty Sch Brd, FL Cop

15 Month

Insured AA

1.25%

Brunswick Cnty, NC Cops

15 Month

Insured AA

1.40%

North Plainfield, NJ GO

16 Month

Insured A

1.44%

Palm Beach Cnty, FL GO

17 Month

AAA

1.10%

State of South Carolina, GO

2 Year

AA

1.20%

Miami-Dade Cnty, FL Rev

2 Year

Insured AA

1.54%

Maine Muni Bd Bk, ME Rev

2.5 Year

AA

1.57%

Solon City Sch Dist, OH GO

2.5 Year

AA

1.63%

Gainesville Redev Auth, GA Rev

2.5 Year

Insured AA

1.80%

Jordan SD, UT GO

3.5 Year

AAA

1.30%

Eagle Mountain City, UT Rev

3.5 Year

Insured BBB

1.80%

 

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

<9mo

1 yr

2 yr

3 yr

5 yr

7 yr

10 yr

AAA

0.26%

0.31%

0.42%

0.57%

0.81%

1.34%

1.75%

AA

0.38%

0.37%

0.45%

0.53%

0.87%

1.37%

1.85%

A

0.38%

0.47%

0.66%

0.88%

1.36%

1.77%

2.38%

BBB

0.69%

0.76%

2.05%

1.47%

2.75%

3.40%

4.16%

Insured AAA-AA

0.37%

0.45%

0.68%

0.76%

0.96%

1.25%

1.62%

*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 March 15, 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 March 15, 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.

SOURCE Zions Direct



RELATED LINKS
http://www.zionsdirect.com

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