Sep. 29, 2009 | |||||
Southwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Utah | Aaa/AAA/AAA | 0.37 / 0.45 | 1.61 / 1.84 | 2.62 / 2.90 | 3.95 / 4.24 |
Texas | Aa1/AA+/AA+ | 0.40 / 0.57 | 1.75 / 1.89 | 2.80 / 2.91 | 4.09 / 4.25 |
Colorado | NR/AA+/NR | 0.47 / 0.48 | 1.82 / 1.89 | 2.84 / 2.95 | 4.15 / 4.27 |
New Mexico | Aa1/AA+/NR | 0.51 / 0.45 | 1.80 / 1.84 | 2.84 / 2.90 | 4.15 / 4.24 |
Oklahoma | Aa3/AA+/AA | 0.53 / 0.47 | 1.85 / 1.89 | 2.89 / 2.95 | 4.15 / 4.29 |
Arkansas | Aa2/AA/NR | 0.53 / 0.50 | 1.87 / 1.92 | 2.91 / 2.98 | 4.20 / 4.29 |
Arizona | Aa3/AA/NR | 0.57 / 0.50 | 1.90 / 1.94 | 2.92 / 3.02 | 4.13 / 4.34 |
Kansas | Aa1/AA+/NR | 0.69 / 0.53 | 2.22 / 1.94 | 3.24 / 3.00 | 4.50 / 4.30 |
-
Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.
April 17 -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
April 17 -
It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
April 17 -
The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.
April 17 -
The Federal Emergency Management Agency is asking for an additional $9 billion for this year in hopes they don't run out of funds in August as they're currently slated to.
April 17 -
The SEC won its case against Richard Ganci and Richard Tortora of Capital Markets Advisors over conflicts of interest present in their fee arrangement in connection to a $119 million offering for the City of Rochester, New York.
April 17