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Last updated on April 17, 2014 at 12:28 EDT

Zions Direct Municipal Bond Market Snapshot for Week Ending January 18, 2013

January 22, 2013

SALT LAKE CITY, Jan. 22, 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 7,000 fixed-income auctions.

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Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

    Issuer                            Term     Rating     Auction Yield
    ------                            ----     ------     -------------
    New Braunfels, TX GO              1 Month  AA                       1.08%
    --------------------              -------  ---                      ----
    Ut St Brd Rgt - Utah St Univ, Rev 2 Month  Insured A                1.07%
    --------------------------------- -------  ---------                ----
    West Valley City, UT Rev          3 Month  AA                       0.70%
    ------------------------          -------  ---                      ----
    Univ of North Texas Sys, TX Rev   3 Month  Insured AA               0.95%
    -------------------------------   -------  ----------               ----
    Livingston Sch Dist #1, LA GO     3 Month  AA                       1.25%
    -----------------------------     -------  ---                      ----
    Phoenix Civic Imprv, AZ Rev AON   5 Month  Insured AA               0.89%
    -------------------------------   -------  ----------               ----
    Hillsborough Cnty Sch Brd, FL Cop 5 Month  AA                       0.98%
    --------------------------------- -------  ---                      ----
    Continental Sch Dist #39, AZ GO   5 Month  Insured AA               0.99%
    -------------------------------   -------  ----------               ----
    Phoenix High Sch Dist #210, AZ GO 5 Month  AA                       1.00%
    --------------------------------- -------  ---                      ----
    Hillsborough Cnty, FL Rev         5 Month  Insured AA               1.00%
    -------------------------         -------  ----------               ----
    Gilbert, AZ Rev                   5 Month  Insured AA               1.20%
    ---------------                   -------  ----------               ----
    Charleston Cnty, SC GO            6 Month  AAA                      1.05%
    ----------------------            -------  ---                      ----
    Miami Beach, FL GO                7 Month  Insured AA               1.10%
    ------------------                -------  ----------               ----
    Orlando, FL Rev                   8 Month  AA                       0.96%
    ---------------                   -------  ---                      ----
    Los Angeles Cnty Santn, CA Rev    8 Month  Insured A                1.20%
    ------------------------------    -------  ---------                ----
    Florida Muni Pwr Agy, FL Rev      8 Month  A                        1.20%
    ----------------------------      -------  ---                      ----
    Northampton Cnty, PA GO           10 Month AA                       0.91%
    -----------------------           -------- ---                      ----
    Massillon City Sch Dist, OH GO    10 Month Insured AA               1.13%
    ------------------------------    -------- ----------               ----
    Regional Trans Dist, CO Cop       10 Month Insured A                1.25%
    ---------------------------       -------- ---------                ----
    White Plains Sch Dist, NY GO      1 Year   Insured AA               0.84%
    ----------------------------      ------   ----------               ----
    Perkiomen Valley Sch Dist, PA GO  13 Month AA                       1.00%
    --------------------------------  -------- ---                      ----
    Williamson Cnty, TN GO            14 Month AAA                      1.20%
    ----------------------            -------- ---                      ----
    New Mexico Fin Auth, NM Rev       16 Month AA                       1.26%
    ---------------------------       -------- ---                      ----
    State of Georgia, GO              20 Month AAA                      0.98%
    --------------------              -------- ---                      ----
    El Paso County, CO Cop            22 Month AA                       1.55%
    ----------------------            -------- ---                      ----
    New Mexico Fin Auth, NM Rev       2.5 Year Insured AA               1.60%
    ---------------------------       -------- ----------               ----
    West Fargo, ND GO                 3.5 Year AA                       1.58%
    -----------------                 -------- ---                      ----

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% 0.28% 0.41% 0.60% 0.80% 1.14% 1.40%
    ---                ----  ----  ----  ----  ----  ----  ----
    AA                 0.78% 0.36% 0.48% 0.70% 0.99% 1.32% 1.84%
    ---                ----  ----  ----  ----  ----  ----  ----
    A                  0.35% 0.46% 0.67% 0.98% 1.33% 1.71% 2.14%
    ---                ----  ----  ----  ----  ----  ----  ----
    BBB                0.42% 1.32% 1.36% 2.82% 2.52% 3.50% 3.78%
    ---                ----  ----  ----  ----  ----  ----  ----
    Insured AAA-AA     0.40% 0.44% 0.58% 0.79% 1.29% 1.39% 1.96%
    --------------     ----  ----  ----  ----  ----  ----  ----
    *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 January 18, 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 January 18, 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


Source: PR Newswire