Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending June 14, 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 June 14, 2013 Auction results and MSRB trade data for the week of June 10, 2013 to June 14, 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 Sweetwater Uni Sch Dist, CA GO 1 Month Insured A 0.86% So San Joaquin Irr Dist, CA Cop 1 Month AA 0.95% Cabot Sch Dist #4, AR GO 1 Month Insured AA 1.00% Pleasanton Unif Sch Dist, CA GO 2 Month Insured A 0.80% Statewide Cmnty Dev Auth, CA Rev 2 Month Insured AA 1.23% Grant Jt Union Sch Dist, CA GO 2 Month Insured A 1.24% Miramar, FL Rev 3 Month Insured A 0.85% FSU Fin Asst Inc, FL Rev 3 Month Insured A 0.86% State Pub Sch Bldg Auth, PA Rev 3 Month A 1.39% Univ of Arkansas, AR Rev 4 Month Insured AA 0.94% Wichita, KS Rev 4 Month AA 1.12% Riverside Cnty, CA Cop 5 Month Insured A 0.90% Akron, OH GO 5 Month Insured AA 0.95% Lakewood, OH GO 6 Month AA 0.83% Bedford, TX GO 7 Month Insured AA 0.90% Houston, TX GO 8 Month Insured AA 0.77% Irving Indep Sch Dist, TX GO 8 Month AA 0.90% Charleston, SC Go 9 Month Insured AA 0.90% Columbus, GA Rev 10 Month Insured A 1.00% Univ of North Texas Sys, TX Rev 10 Month Insured AA 1.00% Newton Cnty, GA Rev 1 Year Insured A 1.25% Willoughby-Eastlake Sch Dist, OH GO 14 Month AA 1.00% Utah Cnty, UT Rev 16 Month Insured AA 1.00% Jt Muni Elec Util Comm, MO Rev 19 Month A 1.57% Northern Arizona Univ, AZ Cop 2 Year Insured A 1.70% Chandler Unif Sch Dist #80, AZ GO 3 Year AA 1.50% River Falls Sch Dist, WI GO 3 Year AA 1.50% State of Ohio, GO 3 Year AA 1.60% New Jersey Econ Dev Auth, NJ Rev 3 Year Insured A 1.85% Eagle Mountain City, UT Rev 3.5 Year Insured A 1.75% 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 0.33% 0.28% 0.47% 0.73% 1.14% 1.75% 2.15% AA 0.32% 0.34% 0.52% 0.85% 1.35% 2.03% 2.53% A 0.34% 0.42% 0.73% 1.02% 1.67% 2.27% 2.66% BBB 0.73% 0.49% 1.59% 2.24% 2.48% 3.38% 3.85% Insured AAA-AA 0.56% 0.38% 0.57% 0.92% 1.29% 1.58% 2.39% *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 June 14, 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 June 14, 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#1710386
Zions Direct : Zions Direct Municipal Bond Market Snapshot for Week Ending June 14, 2013
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