Contact:
Russell Fisher
Vice President
(801) 844-7826
Alison Andersen
Communications Officer
(801) 844-7710
Zions Direct Municipal Bond Market Snapshot for Week Ending June 7, 2013
Auction results and MSRB trade data for the week of June 3, 2013 to June
7, 2013SALT 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 $2
billion in more than 9,000 fixed-income auctions.
Municipal Bond Auction Comparison Data (auction data from
auctions.zionsdirect.com)
+-------------------------------------+----------+------------+---------------+
| Issuer | Term | Rating | Auction Yield |
+-------------------------------------+----------+------------+---------------+
| Montville, NJ GO | 1 Month | AAA | 0.80% |
+-------------------------------------+----------+------------+---------------+
| Univ of Hawaii, HI Rev | 1 Month | Insured A | 0.81% |
+-------------------------------------+----------+------------+---------------+
| State of Wisconsin, Rev | 1 Month | AA | 0.86% |
+-------------------------------------+----------+------------+---------------+
| Grant Jt Union Sch Dist, CA GO | 2 Month | Insured A | 0.65% |
+-------------------------------------+----------+------------+---------------+
| Weston, CT GO | 2 Month | AAA | 0.70% |
+-------------------------------------+----------+------------+---------------+
| So San Joaquin Irr Dist, CA Cop | 2 Month | AA | 1.19% |
+-------------------------------------+----------+------------+---------------+
| FSU Fin Asst Inc, FL Rev | 4 Month | Insured A | 0.85% |
+-------------------------------------+----------+------------+---------------+
| St Johns River Pwr, FL Rev | 4 Month | Insured AA | 0.86% |
+-------------------------------------+----------+------------+---------------+
| California Infra & Econ Dev, CA Rev | 4 Month | Insured AA | 0.88% |
+-------------------------------------+----------+------------+---------------+
| Miramar, FL Rev | 4 Month | Insured A | 0.89% |
+-------------------------------------+----------+------------+---------------+
| Elizabeth, NJ GO | 5 Month | Insured A | 0.89% |
+-------------------------------------+----------+------------+---------------+
| Modesto, Ca Rev | 5 Month | Insured A | 0.89% |
+-------------------------------------+----------+------------+---------------+
| Lake Cnty Cmnty Clg Dist, OH GO | 6 Month | AA | 1.14% |
+-------------------------------------+----------+------------+---------------+
| Batavia, IL GO | 7 Month | Insured AA | 1.10% |
+-------------------------------------+----------+------------+---------------+
| Florida Gulf Coast Univ, FL Rev | 8 Month | A | 0.90% |
+-------------------------------------+----------+------------+---------------+
| Ho-Ho-Kus Brd of Ed, NJ GO | 8 Month | Insured AA | 0.90% |
+-------------------------------------+----------+------------+---------------+
| Delano-Earlimart Irr Dist, CA COP | 8 Month | AA | 0.99% |
+-------------------------------------+----------+------------+---------------+
| Palestine Indep Sch Dist, TX GO | 8 Month | Insured AA | 1.00% |
+-------------------------------------+----------+------------+---------------+
| Fort Worth, TX GO | 9 Month | AA | 0.97% |
+-------------------------------------+----------+------------+---------------+
| Texas Transportation Comm., GO | 10 Month | AA | 0.85% |
+-------------------------------------+----------+------------+---------------+
| Evergreen Sch Dist #114, WA GO | 1 Year | AA | 1.00% |
+-------------------------------------+----------+------------+---------------+
| Jackson, TN GO | 1 Year | AA | 1.04% |
+-------------------------------------+----------+------------+---------------+
| Kansas Dev Fin Auth, KS Rev | 1 Year | AA | 1.19% |
+-------------------------------------+----------+------------+---------------+
| Palmyra Sch Dist, PA GO | 1 Year | Insured A | 1.20% |
+-------------------------------------+----------+------------+---------------+
| North Brunswick Brd of Ed, NJ GO | 19 Month | Insured AA | 1.30% |
+-------------------------------------+----------+------------+---------------+
| Charleston, SC Rev | 2.5 Year | AA | 1.75% |
+-------------------------------------+----------+------------+---------------+
| Nevada Sys of Hgr Ed, NV Rev | 3 Year | AA | 1.75% |
+-------------------------------------+----------+------------+---------------+
| Johnson County, KS GO | 3.5 Year | AAA | 1.89% |
+-------------------------------------+----------+------------+---------------+
| State of Maine, ME GO | 5 Year | AA | 1.75% |
+-------------------------------------+----------+------------+---------------+
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 | 0.38% | 0.36% | 0.44% | 0.66% | 1.06% | 1.61% | 2.00% |
+----------------+-------+-------+-------+-------+-------+-------+-------+
| AA | 0.30% | 0.40% | 0.52% | 0.76% | 1.20% | 1.85% | 2.37% |
+----------------+-------+-------+-------+-------+-------+-------+-------+
| A | 0.40% | 0.48% | 0.65% | 0.98% | 1.46% | 2.12% | 2.53% |
+----------------+-------+-------+-------+-------+-------+-------+-------+
| BBB | 0.70% | 0.95% | 1.93% | 2.04% | 3.03% | 2.98% | 3.89% |
+----------------+-------+-------+-------+-------+-------+-------+-------+
| Insured AAA-AA | 0.41% | 0.41% | 0.51% | 0.80% | 1.23% | 1.75% | 2.33% |
+----------------+-------+-------+-------+-------+-------+-------+-------+
*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 June 7, 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 June 7, 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-
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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
[HUG#1708461]