Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending April 26, 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 26, 2013 Auction results and MSRB trade data for the week of April 22, 2013 to April 26, 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 Grand River Dam Auth, OK Rev 1 Month Insured A 0.89% Tulsa, OK GO 1 Month AA 0.89% State of Ohio, Rev 1 Month Insured AA 0.98% Louisiana Ctzn Prty Insr Corp, LA Rev 1 Month Insured A 1.09% Little Lake City Sch Dist, CA GO 2 Month Insured AA 0.80% Beekmantown Cntl Sch Dist, NY GO 2 Month BBB 0.90% Tullahoma, TN GO 2 Month Insured AA 0.98% Coconino Cnty Cmnty Clg, AZ GO 2 Month AA 1.00% Boulder Cnty, CO Rev 3 Month AA 0.80% El Paso, TX GO 4 Month Insured A 0.83% Titus County Hospital, TX GO 4 Month Insured A 0.99% Peace River / Manasota Wat, FL Rev 5 Month Insured AA 0.84% University of Pittsburgh, PA Rev 5 Month Insured AA 0.85% Exeter Twp Sch Dist, PA GO 6 Month AA 0.75% Clark Cnty, NV GO 6 Month Insured AA 0.99% Toms River, NJ GO 7 Month AA 0.82% St Clair Cnty Brd of Ed, AL GO 9 Month Insured AA 1.05% Anderson Cnty Sch Dist #3, SC GO 10 Month AA 0.90% Richland Cnty Sch Dist #1, SC GO 10 Month AA 0.95% Big Spring Sch Dist, PA GO 10 Month A 1.30% Cabarrus Cnty, NC Cop 11 Month AA 0.95% Redmond Sch Dist #2J, OR GO 13 Month AA 1.10% Springfield, OR Rev 13 Month AA 1.10% Arizona Trans Brd, AZ Rev 14 Month Insured AA 1.00% Chemeketa Cmnty Clg Dist, OR GO 14 Month A 1.16% Pima Cnty Indl Dev Auth, AZ Rev 16 Month AA 1.25% Chagrin Falls Vlg Sch Dist, OH GO 19 Month Insured AA 0.83% Reynolds Sch Dist #7, OR GO 2 Year AA 1.35% 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 0.27% 0.32% 0.40% 0.57% 0.81% 1.18% 1.59% AA 0.31% 0.33% 0.45% 0.65% 0.99% 1.44% 1.94% A 0.34% 0.44% 1.30% 0.87% 1.27% 1.83% 2.32% BBB 0.89% 1.17% 1.77% 2.82% 1.85% 3.61% 3.56% Insured AAA-AA 0.47% 0.47% 0.53% 0.71% 1.03% 1.42% 1.89% *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 26, 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 26, 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#1698470
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Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending April 26, 2013
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