Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending April 19, 2013 Contact: Russell Fisher Vice President (801) 844-7826 Alison Andersen Communications Officer (801) 844-7710 Zions Direct Municipal Bond Market Snapshot for Week Ending April 19, 2013 Auction results and MSRB trade data for the week of April 15, 2013 to April 19, 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 Columbus City Sch Dist, OH GO 1 Month Insured AA 0.85% Edison, NJ GO 1 Month Insured AA 0.85% New Mexico Fin Auth, NM Rev 1 Month AA 0.89% So Cal Public Pwr Auth, CA Rev 2 Month A 0.78% Baltimore, MD Rev 2 Month AA 0.88% Douglas Cnty SD #10, NE GO 2 Month AA 0.89% Pennsylvania Indl Dev Auth, PA Rev 2 Month A 0.90% State of Wisconsin, Rev 2 Month AA 0.90% Maine Hlth & Hgr Ed Auth, ME Rev 2 Month Insured AA 0.90% South Carolina Pub Srv Auth, Rev 2 Month Insured AA 1.00% El Paso, TX GO 4 Month Insured A 0.85% Broward Cnty, FL Rev 4 Month Insured A 0.90% Jurupa Cmnty Svcs Dist, CA Cop 4 Month AA 1.00% New Hanover Cnty, NC GO 7 Month AA 0.83% State of Hawaii, GO 13 Month AA 0.88% Utah St Bldg Owrshp Auth, UT Rev 13 Month Insured AA 1.00% Corvallis Sch Dist #509J, OR GO 14 Month AA 1.00% State of New Mexico, Rev 14 Month AA 1.13% New Mexico Fin Auth, NM Rev 14 Month Insured AA 1.25% Virginia Pub Bldg Auth, VA Rev 15 Month AA 1.00% Casey Cnty Sch Dist, KY Rev 15 Month AA 1.38% Waubonsee Cmnty Clg, IL GO 20 Month AA 1.29% Douglas Cnty SD #RE-1, CO GO 20 Month Insured AA 1.30% Salt Lake Cnty, UT Rev 21 Month AAA 1.08% Maine Muni Bd Bk, ME Rev 2.5 Year AA 1.85% Granite Sch Dist, UT GO 3 Year Insured AAA 1.25% Alpine Sch Dist, UT GO 3 Year Insured AAA 1.30% Nevada Sys of Hgr Ed, NV Rev 3 Year AA 1.59% River Falls Sch Dist, WI GO 3 Year AA 1.69% Mingus High Sch Dist #4, AZ GO 3 Year Insured A 1.90% 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 0.28% 0.31% 0.39% 0.61% 0.80% 1.20% 1.60% AA 0.31% 0.33% 0.49% 0.67% 0.98% 1.39% 1.95% A 0.32% 0.49% 0.63% 0.82% 1.24% 1.79% 2.22% BBB 1.08% 1.01% 1.56% 2.39% 2.73% 3.46% 3.92% Insured AAA-AA 0.40% 0.43% 0.55% 0.79% 1.07% 1.34% 1.85% *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 April 19, 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 April 19, 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. -end- ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 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 HUG#1696114
Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending April 19, 2013
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