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Zions Direct Municipal Bond Market Snapshot for Week Ending January 18, 2013

Auction results and MSRB trade data for the week of January 14, 2013 to January 18, 2013

SALT LAKE CITY, Jan. 22, 2013 /PRNewswire/ -- 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 7,000 fixed-income auctions.

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Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer

Term

Rating

Auction Yield

New Braunfels, TX GO

1 Month

AA

1.08%

Ut St Brd Rgt – Utah St Univ, Rev

2 Month

Insured A

1.07%

West Valley City, UT Rev

3 Month

AA

0.70%

Univ of North Texas Sys, TX Rev

3 Month

Insured AA

0.95%

Livingston Sch Dist #1, LA GO

3 Month

AA

1.25%

Phoenix Civic Imprv, AZ Rev AON

5 Month

Insured AA

0.89%

Hillsborough Cnty Sch Brd, FL Cop

5 Month

AA

0.98%

Continental Sch Dist #39, AZ GO

5 Month

Insured AA

0.99%

Phoenix High Sch Dist #210, AZ GO

5 Month

AA

1.00%

Hillsborough Cnty, FL Rev

5 Month

Insured AA

1.00%

Gilbert, AZ Rev

5 Month

Insured AA

1.20%

Charleston Cnty, SC GO

6 Month

AAA

1.05%

Miami Beach, FL GO

7 Month

Insured AA

1.10%

Orlando, FL Rev

8 Month

AA

0.96%

Los Angeles Cnty Santn, CA Rev

8 Month

Insured A

1.20%

Florida Muni Pwr Agy, FL Rev

8 Month

A

1.20%

Northampton Cnty, PA GO

10 Month

AA

0.91%

Massillon City Sch Dist, OH GO

10 Month

Insured AA

1.13%

Regional Trans Dist, CO Cop

10 Month

Insured A

1.25%

White Plains Sch Dist, NY GO

1 Year

Insured AA

0.84%

Perkiomen Valley Sch Dist, PA GO

13 Month

AA

1.00%

Williamson Cnty, TN GO

14 Month

AAA

1.20%

New Mexico Fin Auth, NM Rev

16 Month

AA

1.26%

State of Georgia, GO

20 Month

AAA

0.98%

El Paso County, CO Cop

22 Month

AA

1.55%

New Mexico Fin Auth, NM Rev

2.5 Year

Insured AA

1.60%

West Fargo, ND GO

3.5 Year

AA

1.58%

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

0.26%

0.28%

0.41%

0.60%

0.80%

1.14%

1.40%

AA

0.78%

0.36%

0.48%

0.70%

0.99%

1.32%

1.84%

A

0.35%

0.46%

0.67%

0.98%

1.33%

1.71%

2.14%

BBB

0.42%

1.32%

1.36%

2.82%

2.52%

3.50%

3.78%

Insured AAA-AA

0.40%

0.44%

0.58%

0.79%

1.29%

1.39%

1.96%

*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 January 18, 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 January 18, 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.

SOURCE Zions Direct

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