Zions Direct Municipal Bond Market Snapshot for Week Ending November 22, 2013
Auction results and MSRB trade data for the week of November 18, 2013 to November 22, 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 $3.4 billion in more than 11,500 fixed-income auctions.
Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)
|Cook Cnty Sch Dist #105, IL GO||2 Month||AA||0.74%|
|Grand Vly St Univ, MI Rev||2 Month||A||0.80%|
|Houston Cmnty Clg Sys, TX GO||3 Month||AA||0.83%|
|No Carolina Med Care Comm, Rev||3 Month||A||1.30%|
|State of Pennsylvania, Cop||4 Month||AA||1.00%|
|Jefferson Co Sch Dist, KY REV||4 Month||AA||1.24%|
|Greenville, NC GO||6 Month||AA||0.99%|
|Lake Cnty Sch Brd, FL Cop||6 Month||A||1.00%|
|Reno, NV GO||6 Month||A||1.03%|
|State of California, CA GO||6 Month||A||1.04%|
|Cleveland Cnty Ed Facs, OK Rev||6 Month||A||1.25%|
|Ontario, CA Cop||7 Month||Insured A||0.96%|
|New Jersey Econ Dev Auth, NJ Rev||7 Month||AA||0.99%|
|Rhode Is Econ Dev Corp, RI Rev||7 Month||Insured AA||1.00%|
|Deer Vly Un Sch Dist #97, AZ GO||7 Month||Insured AA||1.04%|
|Scottsdale USD #48, AZ GO||7 Month||AA||1.15%|
|Shenendehowa Cntrl Sch Dist, NY GO||7 Month||Insured AA||1.19%|
|Pinal Cnty Cmnty Clg Dist, AZ GO||7 Month||AA||1.25%|
|Iowa Fin Auth, IA Rev||8 Month||AAA||0.99%|
|Magoffin Cnty Sch Dist Fin, KY Rev||8 Month||Insured AA||1.24%|
|Rio Rancho Sch Dist #94, NM GO||8 Month||AA||1.29%|
|Moulton Niguel Wtr Dist, CA Cop||9 Month||AA||1.01%|
|Bolton, MA GO||10 Month||AA||0.85%|
|Memphis, TN GO||10 Month||Insured AA||1.09%|
|Dist of Columbia Wtr & Swr, Rev||10 Month||AA||1.43%|
|Hgr Ed Student Asst Auth, NJ Rev||1 Year||AA||0.95%|
|Montgomery Cnty, OH Rev||1 Year||AA||1.64%|
|Gaston Cnty, NC Cop||1 Year||Insured A||1.65%|
|Bensenville, IL GO||13 Month||A||1.38%|
|West Stanislaus Irr Dist, CA Cop||13 Month||Insured A||1.44%|
|Waukegan, IL GO||13 Month||Insured A||1.85%|
|New Jersey Ed Facs Auth, NJ Rev||19 Month||A||1.74%|
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)
|Rating||<9mo||1 yr||2 yr||3 yr||5 yr||7 yr||10 yr|
*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.
Market Snapshot Information Disclaimer
MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of November 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 November 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: Not FDIC Insured · No Bank Guarantee · May Lose Value
Zions Direct is a wholly owned non-bank subsidiary of Zions Bank.
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