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
