Zions Direct Municipal Bond Market Snapshot for Week Ending March 22, 2013 Auction results and MSRB trade data for the week of March 18, 2013 to March 22, 2013

SALT LAKE CITY, March 26, 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

Roane Cnty, TN GO

1 Month

Insured AA

0.85%

Cedar Falls Cmnty Sch Dist, IA Rev

2 Month

A

0.80%

Cntrl Bucks Sch Dist, PA GO

2 Month

Insured AA

0.90%

Columbus City Sch Dist, OH GO

2 Month

Insured AA

0.90%

Bristol, TN GO

2 Month

Insured AA

1.15%

Louisana Ctzn Prty Insr Corp, LA Rev

2 Month

Insured A

1.28%

Kentucky Turnpike Auth, KY Rev

3 Month

Insured AA

0.69%

Chandler Unif Sch Dist #80, AZ GO

3 Month

AA

0.86%

Intermountain Pwr Agy, UT Rev

3 Month

Insured A

0.89%

Pima Cnty, AZ GO

3 Month

AA

0.90%

New York City, NY GO

4 Month

AA

0.80%

Gilroy, CA Rev

4 Month

AA

1.24%

State of New York, GO

5 Month

AA

0.79%

Somerset Cnty, NJ GO

6 Month

AAA

0.83%

Gtr Orlando Aviation Auth, FL Rev

6 Month

Insured AA

0.95%

Issaquah, WA GO

8 Month

AA

0.69%

Cherokee Sch Dist (Scago), SC Rev

8 Month

Insured A

0.90%

Lake Oswego, OR Rev

8 Month

Insured AA

1.70%

Bend-La Pine Adm Sch Dist, OR GO

10 Month

AA

1.16%

Norfolk, VA GO

11 Month

AA

0.75%

Beaufort Cnty Sch Dist, SC GO

11 Month

AA

1.25%

Daviess Cnty, KY GO

1 Year

AA

0.99%

Ohio Water Dev Auth, OH Rev

14 Month

AA

1.12%

Nogales Muni Dev Auth, AZ Rev

14 Month

AA

1.40%

Santa Barbara Fin Auth, CA Rev

14 Month

Insured AA

1.69%

Purdue University, IN Rev

15 Month

AA

1.14%

Harris Cnty, TX GO

18 Month

AAA

1.05%

Arizona Sch Facs Brd, AZ Rev

21 Month

AAA

1.65%

Washington Cnty SD, UT GO

23 Month

Insured AAA

1.00%

Hillsboro Sch Dist #1J, OR GO

2.5 Year

Insured AA

1.40%

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

0.27%

0.30%

0.40%

0.56%

0.90%

1.39%

1.94%

AA

0.27%

0.37%

0.57%

0.65%

1.10%

1.63%

2.09%

A

0.36%

0.42%

0.48%

0.81%

1.36%

1.90%

2.48%

BBB

0.56%

1.15%

2.80%

2.33%

3.40%

3.55%

3.79%

Insured AAA-AA

0.36%

0.40%

0.51%

0.82%

1.31%

1.49%

2.07%

*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 22, 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 22, 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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