Zions Direct Municipal Bond Market Snapshot for Week Ending November 22, 2013

Thomson Reuters ONENovember 27, 2013


Russell Fisher
Vice President
(801) 844-7826

Alison Andersen
Communications Officer
(801) 844-7710

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)

Issuer Term Rating Auction Yield
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.

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 0.20% 0.30% 0.39% 0.71% 1.15% 1.95% 2.43%
AA 0.25% 0.29% 0.43% 0.77% 1.39% 2.22% 2.81%
A 0.51% 0.37% 0.52% 1.27% 2.09% 2.64% 3.25%
BBB 1.33% 2.46% 1.61% 3.60% 5.09% 4.58% 4.79%
Insured AAA-AA 0.31% 0.37% 0.50% 1.06% 1.56% 2.33% 2.71%

*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.


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 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 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.


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