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
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