Oct. 7, 2009 | |||||
Midwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Minnesota | Aa1/AAA/AAA | 0.38 / 0.47 | 1.60 / 1.86 | 2.58 / 2.90 | 3.81 / 4.08 |
Missouri | Aaa/AAA/AAA | 0.39 / 0.45 | 1.59 / 1.84 | 2.59 / 2.88 | 3.83 / 4.06 |
South Dakota | NR/NR/NR | 0.47 / 0.45 | 1.75 / 1.84 | 2.75 / 2.88 | 3.96 / 4.06 |
North Dakota | Aa2/AA/NR | 0.53 / 0.50 | 1.82 / 1.89 | 2.82 / 2.93 | 4.04 / 4.11 |
Iowa | Aa1/AAA/AA+ | 0.53 / 0.49 | 1.85 / 1.88 | 2.85 / 2.92 | 4.04 / 4.10 |
Indiana | Aa1/AAA/AA | 0.52 / 0.50 | 1.85 / 1.90 | 2.85 / 2.94 | 4.06 / 4.12 |
Nebraska | NR/AA+/AA+ | 0.52 / 0.50 | 1.87 / 1.90 | 2.87 / 2.94 | 4.06 / 4.10 |
Ohio | Aa1/AA+/AA+ | 0.47 / 0.50 | 1.89 / 1.93 | 2.92 / 2.98 | 4.09 / 4.16 |
Wisconsin | Aa3/AA/AA+ | 0.60 / 0.50 | 1.90 / 1.92 | 2.90 / 2.96 | 4.11 / 4.11 |
Illinois | A1/AA+/A | 0.82 / 0.55 | 2.19 / 1.94 | 3.23 / 2.98 | 4.29 / 4.16 |
Michigan | Aa3/AA/A+ | 1.02 / 0.55 | 2.57 / 2.02 | 3.57 / 3.11 | 4.71 / 4.21 |
-
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.
33m ago -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
58m ago -
It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
2h ago -
The meeting was attended by trade organizations, MSRB board leadership, Finance Committee members and MSRB senior staff.
2h ago -
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.
4h ago -
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.
4h ago