Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending May 3, 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 May 3, 2013 Auction results and MSRB trade data for the week of April 29, 2013 to May 3, 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 Provo Sch Dist, UT GO 1 Month Insured AAA 0.79% Geneva City Sch Dist, NY GO 1 Month Insured A 0.81% Grand River Dam Auth, OK Rev 1 Month Insured A 0.95% Beekmantown Cntl Sch Dist, NY GO 1 Month Insured BBB 1.08% Easthampton, MA GO 1 Month Insured AA 1.11% Tolleson, AZ GO 2 Month Insured A 0.70% State of Hawaii, GO 2 Month Insured AA 0.72% State of Florida, GO 2 Month AA 0.88% Metro Tran Auth, NY Rev 2 Month Insured AA 0.88% Haddon, NJ GO 3 Month AA 0.70% Los Angeles Cmnty Clg Dist, CA GO 3 Month AA 0.88% State of Ohio, GO 4 Month AA 0.88% New Jersey Econ Dev Auth, NJ Rev 4 Month Insured AA 1.11% Peace River / Manasota Wat, FL Rev 5 Month Insured AA 0.98% Elizabeth, NJ GO 6 Month Insured A 1.06% No Thurston Pub Schs, WA GO 7 Month AA 0.99% State of Washington, GO 8 Month Insured AA 0.89% State of Washington, GO 8 Month Insured AA 0.90% Grant Co Pub Util Dist #2, WA Rev 8 Month Insured AA 1.00% Desoto, TX GO 9 Month AA 0.93% Clifton Hgr Ed Fin Corp, TX Rev 10 Month A 1.02% Southeast Alabama Gas, AL Rev 13 Month Insured A 1.14% Tucson USD #1, Pima Co, AZ GO 14 Month AA 1.10% Deer Vly Un Sch Dist #97, AZ GO 14 Month Insured AA 1.20% Laguna Salada Un Sch Dist, CA GO 15 Month Insured AA 1.29% West Virginia Univ, WV Rev 17 Month Insured A 1.32% Hgr Ed Student Asst Auth, NJ Rev 19 Month AA 1.39% Roanoke, VA GO 21 Month Insured AA 1.23% 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% 0.33% 0.50% 0.57% 0.80% 1.23% 1.71% AA 0.31% 0.33% 0.46% 0.69% 0.97% 1.43% 1.97% A 0.34% 0.39% 0.59% 0.97% 1.19% 1.75% 2.14% BBB 0.87% 0.53% 1.89% 1.92% 2.85% 3.46% 4.25% Insured AAA-AA 0.49% 0.40% 0.56% 0.66% 1.07% 1.47% 1.93% *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 May 3, 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 May 3, 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#1700228
Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending May 3, 2013
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