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Zions Direct Municipal Bond Market Snapshot for Week Ending October 19, 2012

SALT LAKE CITY, Oct. 23, 2012 /PRNewswire/ -- Zions Direct, the online broker-dealer that allows its customers to purchase municipal 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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In auctions closed from October 15, 2012 to October 19, 2012, investors purchasing municipal bonds in the auctions received average tax-exempt yields 0.75 percentage points, or 75 basis points, higher than similar bonds as reported by the Municipal Securities Rulemaking Board (MSRB).

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

Issuer

Term

Rating

Auction Yield

MSRB

Difference





Avg Yield

(basis points)

Spokane Cnty, WA GO

1 Month

Insured AA

0.75%

0.36%

39

Kate Ind Sch Dist, TX GO

4 Month

Insured AAA

0.70%

0.36%

34

Clark Cnty SD, NV GO

8 Month

Insured AA

1.10%

0.36%

74

San Luis, AZ Rev

8 Month

Insured A

1.30%

0.36%

94

Santa Fe, NM Rev

19 Month

AA

1.27%

0.48%

79

Texas Pub Fin Auth, TX Rev

1 Month

Insured AA

1.70%

0.36%

134

State of Hawaii, GO

5 Month

Insured AA

0.88%

0.36%

52

Oklahoma St Dev Fin Auth, Rev

7 Month

AA

0.89%

0.32%

57

Cntrl Ohio Solid Wst Auth, GO

13 Month

Insured AAA

1.24%

0.44%

80

State of Florida Bd of Ed, FL GO

19 Month

Insured AA

1.25%

0.51%

74

Hidalgo Cnty, TX GO- ALL or NONE

10 Month

Insured AA

1.05%

0.44%

61

Cobb Cnty, GA GO

2 Month

AAA

0.79%

0.28%

51

Columbus, OH GO

8 Month

AAA

1.15%

0.28%

87

Yuma Muni Ppty Corp, AZ Rev

8 Month

Insured A

1.35%

0.36%

99

Grand Prairie, TX GO

16 Month

Insured AA

1.18%

0.44%

74

Hillsborough Cnty Sch Brd, FL Cop

20 Month

Insured AA

1.46%

0.51%

95

Pueblo Cnty Sch Dist #70, CO GO

1 Month

AA

0.75%

0.32%

43

Utah Transit Authority, UT Rev

8 Month

Insured AA

1.00%

0.36%

64

Mass St Hlth & Ed Fac Auth, Rev

8 Month

Insured A

1.65%

0.36%

129

Denver City & Co SD #1, CO GO

13 Month

Insured AA

1.13%

0.44%

69

Miami-Dade Cnty Exp Auth, FL Rev

20 Month

Insured AA

1.85%

0.51%

134

Katy Ind Sch Dist, TX GO

4 Month

Insured AAA

0.59%

0.36%

23

Las Vegas Valley Wtr Dist, NV GO

7 Month

AA

1.14%

0.32%

82

State of Florida, Rev

8 Month

A

1.30%

0.49%

81

Dallas Ind Sch Dist, TX GO

16 Month

Insured AAA

1.20%

0.44%

76

Pembroke Pines, FL GO

22 Month

Insured AA

1.28%

0.51%

77

Average Difference





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)


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