Zions Direct Corporate Bond Market Snapshot for Week Ending January 3, 2014

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Russell Fisher
Vice President
(801) 844-7826

Alison Andersen
Communications Officer
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Zions Direct Corporate Bond Market Snapshot for Week Ending January 3, 2014

Auction results and TRACE trade data for the week of December 30, 2014 to January 3, 2014

SALT 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 $3.4 billion in more than 12,000 fixed-income auctions.

Corporate Bond Auction Results (auction data from auctions.zionsdirect.com)

Issuer Term Rating Auction Yield
Hess Corp 1 Month BBB 0.64%
Morgan Stanley 1 Month BBB 0.78%
Pfizer Inc 1 Month A 0.80%
HSBC Finance Corp 1 Month BBB 1.28%
Medtronic Inc 2 Month A 0.55%
National Rural Utilities 2 Month A 0.76%
Hewlett-Packard Co 2 Month BBB 0.81%
Energy Transfer Partners LP 3 Month BBB 0.80%
HSBC Finance Corp 3 Month BBB 1.24%
Wal-Mart Stores Inc 4 Month AA 0.78%
American Express Co 4 Month BBB 0.80%
Hasbro Inc 4 Month BBB 1.03%
Ford Motor Credit Co LLC 4 Month BBB 1.35%
Abbey Natl Treasury Serv PLC 4 Month A 1.38%
Genworth Holdings Inc 5 Month BBB 0.90%
Royal Bank of Scotland Plc 5 Month A 1.39%
HSBC Finance Corp 8 Month BBB 0.85%
JPMORGAN CHASE & CO 8 Month BBB 0.90%
General Electric Capital Corp 9 Month AA 1.02%
Goldman Sachs Group Inc 9 Month BBB 1.17%
HSBC Finance Corp 10 Month BBB 0.90%
Wells Fargo & Company 10 Month A 0.95%
Axis Capital Holdings Ltd 11 Month BBB 1.10%
Bank of America Corp 15 Month BBB 1.34%



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
Corporate Bonds` Average Yields Trade Data* (source: FINRA`s TRACE)

2013 2014 2015 2016 2018 2020 2023
Rating 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr
AAA 0.12% 0.23% 0.59% 1.14% 1.99% 2.70% 3.47%
AA 0.23% 0.37% 0.64% 1.15% 2.02% 3.14% 3.63%
A 0.31% 0.43% 0.72% 1.29% 2.22% 3.38% 3.88%
BBB 0.79% 0.80% 1.19% 1.68% 2.76% 3.99% 4.37%

*Terms are defined as follows:

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
TRACE bond trade data displayed as weighted average yield. Corporate bond information from FINRA`s Trade Reporting and Compliance Engine (TRACE) as of January 3, 2014. The Trade Data was developed by BondDesk Group based on trade reporting information from TRACE, and excludes transactions in callable and floating-rate coupon bonds. Auction information from auctions.zionsdirect.com as of January 3, 2014. 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.

 

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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zions Direct via GlobeNewswire

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