Zions Direct : Zions Direct Corporate Bond Market Snapshot for Week Ending April 19, 2013

  Zions Direct : Zions Direct Corporate Bond Market Snapshot for Week Ending
                                April 19, 2013


                                Russell Fisher
                                Vice President
                                (801) 844-7826

                               Alison Andersen
                            Communications Officer
                                (801) 844-7710

  Zions Direct Corporate Bond Market Snapshot for Week Ending April 19, 2013

 Auction results and TRACE 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.

  Corporate Bond Auction Results(auction data from auctions.zionsdirect.com)

      Issuer                               Term     Rating Auction Yield
      Autozone Inc.                        1 Month  BBB    1.00%
      IBM Corp                             2 Month  AA     0.80%
      Boeing Capital Corp                  2 Month  A      0.88%
      Praxair Inc                          2 Month  A      0.95%
      Petrobras International Finance Co   2 Month  A      1.15%
      NextEra Energy Capital Holdings Inc  2 Month  BBB    1.23%
      John Deere Capital Corp              3 Month  A      0.80%
      E.I. Du Pont de Nemours              3 Month  A      0.85%
      CME Group Inc                        3 Month  AA     0.99%
      Rio Tinto Finance (USA) LTD          3 Month  A      1.05%
      American Express Co                  3 Month  BBB    1.05%
      Berkshire Hathaway Finance           4 Month  AA     0.86%
      Credit Suisse USA Inc                4 Month  A      0.93%
      General Electric Capital Corp        5 Month  AA     1.00%
      Hewlett-Packard Co                   5 Month  BBB    1.04%
      Mondelez / Formerly Kraft Foods Inc. 5 Month  BBB    1.09%
      Barrick Gold Financeco LLC           5 Month  BBB    1.14%
      Aetna / Lion Connecticut Holdings    5 Month  A      1.35%
      Walt Disney Company                  8 Month  A      0.70%
      Vodafone Group PLC                   8 Month  A      0.97%
      Southern California Edison Co        9 Month  A      0.89%
      Pepsico Inc                          10 Month A      0.94%
      Honeywell International              10 Month A      0.99%
      Novartis Capital Corp                10 Month AA     1.05%
      Eli Lilly & Co                       11 Month A      0.95%
      Rio Tinto Finance (USA) LTD          1 Year   A      1.09%
      Goldman Sachs Group Inc              1 Year   A      1.14%
      Vodafone Group PLC                   14 Month A      0.90%
      PacifiCorp                           16 Month A      1.15%
      AT&T (Bellsouth Corp)                17 Month A      1.10%

 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.

     Corporate Bonds' Average Yields Trade Data* (source: FINRA's TRACE)

                      2013  2014  2015  2016  2018  2020  2023
               Rating <9mo  1 yr  2 yr  3 yr  5 yr  7 yr  10 yr
               AAA    0.20% 0.38% 0.31% 0.85% 0.97% 1.70% 2.32%
               AA     0.32% 0.34% 0.59% 0.82% 1.31% 2.35% 2.66%
               A      0.35% 0.50% 0.70% 0.99% 1.55% 2.27% 2.76%
               BBB    0.64% 0.83% 1.31% 1.72% 2.28% 3.28% 3.52%

   *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
  TRACE bond trade data displayed as weighted average yield. Corporate bond
 information from FINRA's Trade Reporting and Compliance Engine (TRACE) as of
April 19, 2013. The Trade Data was developed by BondDesk Group based on trade
 reporting information from TRACE, and excludes transactions in callable and
floating-rate coupon 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.


   Investment products and services offered through Zions Direct, member of

  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 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
                        information contained therein.

                 Source: Zions Direct via Thomson Reuters ONE
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