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

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

Auction results and TRACE trade data for the week of July 15, 2013 to July 19,

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 10,000 fixed-income auctions.

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

Issuer                               Term     Rating Auction Yield
American Express Credit Co           1 Month  A      0.92%
Citigroup, Inc.                      1 Month  BBB    1.00%
Royal Bank of Scotland Plc           1 Month  A      1.09%
Duke Energy Progress Inc             2 Month  A      0.76%
American Express Credit Company      2 Month  A      0.86%
Corning Inc                          2 Month  BBB    0.94%
Berkshire Hathaway Finance           3 Month  AA     0.75%
Morgan Stanley                       3 Month  BBB    1.10%
Walt Disney Co                       5 Month  A      0.80%
Home Depot Inc                       5 Month  A      0.92%
Kinder Morgan Energy Partners LP     5 Month  BBB    1.03%
Pfizer Inc / Wyeth                   6 Month  A      0.81%
JPMORGAN CHASE & CO                  6 Month  A      0.99%
Bank of America / Merrill Lynch & Co 6 Month  BBB    1.00%
Eli Lilly & Co                       7 Month  A      0.90%
WellPoint Inc                        7 Month  BBB    0.90%
National Rural Utilities             7 Month  A      0.95%
Caterpillar Fin Srvcs                7 Month  A      0.97%
America Movil SAB de CV              7 Month  A      1.01%
HSBC Finance Corp                    7 Month  BBB    1.25%
Philip Morris Intl Inc               8 Month  A      0.88%
HSBC Finance Corp                    8 Month  BBB    0.90%
Praxair Inc                          8 Month  A      0.95%
General Electric Capital Corp        9 Month  AA     0.90%
BB&T Corporation                     9 Month  A      1.01%
Citigroup, Inc.                      9 Month  BBB    1.23%
Abbey Natl Treasury Serv PLC         9 Month  A      1.35%
HSBC Finance Corp                    9 Month  BBB    1.39%
American Express Co                  10 Month BBB    0.90%
General Electric Capital Corp        10 Month AA     0.96%
Hasbro Inc                           10 Month BBB    1.04%
Hewlett-Packard Co                   10 Month BBB    1.34%

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    0.22% 0.20% 0.44% 0.97% 1.60% 2.47% 3.17%
AA     0.32% 0.40% 0.77% 1.18% 1.89% 2.86% 3.49%
A      0.39% 0.59% 0.85% 1.34% 2.08% 3.14% 3.60%
BBB    0.76% 1.08% 1.60% 2.15% 3.08% 4.17% 4.41%

*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
July 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 July 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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