Russell Fisher
Vice President
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Alison Andersen
Communications Officer
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Zions Direct Municipal Bond Market Snapshot for Week Ending May 17, 2013
Auction results and MSRB trade data for the week of May 13, 2013 to May 17, 2013
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 $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 |
| State of New Mexico, Rev | 1 Month | AA | 0.89% |
| Mesa USD Maricopa Cnty, AZ GO | 1 Month | Insured AA | 0.90% |
| Florida St Dept of Trans, FL GO | 1 Month | AA | 0.93% |
| Energy Northwest, WA Rev | 1 Month | AA | 1.00% |
| Los Angeles Unified SD, CA GO | 1 Month | Insured AA | 1.20% |
| Albuquerque, NM GO | 2 Month | AA | 0.80% |
| Richmond, VA GO | 2 Month | AA | 0.85% |
| Gwinnett Cnty, GA Rev | 2 Month | AAA | 0.94% |
| Idaho Hsg & Fin Assn, ID Rev | 2 Month | AA | 1.09% |
| Clovis Unif Sch Dist, CA GO | 2 Month | Insured A | 1.18% |
| Virginia Pub Sch Auth, VA Rev | 3 Month | Insured AA | 0.90% |
| Idaho St Bldg Auth, ID Rev | 3 Month | Insured AA | 0.91% |
| North Carolina Med Care, NC Rev | 4 Month | AA | 0.85% |
| Butler Township, PA GO | 5 Month | A | 0.88% |
| Elizabeth, NJ GO | 5 Month | A | 0.90% |
| Fleming County, KY REV | 5 Month | AA | 0.93% |
| Highland Cnty Hlth Facs, FL Rev | 6 Month | AA | 0.89% |
| Irving Indep Sch Dist, TX GO | 9 Month | AA | 0.88% |
| Jefferson Co Sch Dist, KY REV | 9 Month | Insured AA | 0.95% |
| Palestine Indep Sch Dist, TX GO | 9 Month | Insured AA | 0.99% |
| Bedford Cntl Sch Dist, NY GO | 1 Year | Insured AA | 0.95% |
| Kansas ST Dev Fin Auth, KS REV | 1 Year | AA | 1.04% |
| Palmyra Sch Dist, PA GO | 13 Month | Insured A | 0.95% |
| State of Utah, Rev | 13 Month | AA | 1.00% |
| Las Cruces JT Utility, NM REV | 13 Month | AA | 1.04% |
| State of Ohio, GO | 15 Month | AA | 1.10% |
| Orange Cnty, FL Rev | 16 Month | Insured A | 1.20% |
| Corpus Christi Ind Sch Dist, TX GO | 2.5 Year | AA | 1.45% |
| Garfield Sch Dist #RE-2, CO GO | 2.5 Year | AA | 1.75% |
| State of Ohio, OH GO | 3.5 Year | AA | 1.50% |
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 | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | |
| AAA | 0.34% | 0.34% | 0.42% | 0.59% | 0.84% | 1.42% | 1.73% |
| AA | 0.32% | 0.35% | 0.46% | 0.67% | 0.99% | 1.53% | 2.02% |
| A | 0.37% | 0.37% | 0.55% | 0.99% | 1.25% | 1.84% | 2.11% |
| BBB | 1.48% | 1.20% | 1.64% | 2.01% | 2.36% | 3.19% | 4.06% |
| Insured AAA-AA | 0.43% | 0.41% | 0.47% | 0.81% | 1.02% | 1.36% | 1.88% |
*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
MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of May 17, 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 May 17, 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 ValueZions Direct is a wholly owned non-bank subsidiary of Zions Bank.
-end-
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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
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