Apr. 19, 2010 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Delaware | Aaa/AAA/AAA | 0.39 | 1.79 | 3.05 | 4.15 |
Maryland | Aaa/AAA/AAA | 0.39 | 1.79 | 3.05 | 4.15 |
Vermont | Aaa/AA+/AA+ | 0.47 | 1.91 | 3.25 | 4.35 |
New Hampshire | Aa2/AA/AA | 0.43 | 1.94 | 3.26 | 4.35 |
Pennsylvania | Aa2/AA/AA | 0.48 | 1.96 | 3.24 | 4.31 |
Connecticut | Aa3/AA/AA | 0.51 | 2 | 3.25 | 4.3 |
Massachusetts | Aa2/AA/AA | 0.48 | 2.04 | 3.32 | 4.35 |
New York | Aa3/AA/AA+ | 0.48 | 1.95 | 3.33 | 4.45 |
Maine | Aa3/AA/AA | 0.53 | 2.02 | 3.33 | 4.43 |
New Jersey | Aa3/AA/AA+ | 0.59 | 2.12 | 3.4 | 4.4 |
Rhode Island | Aa3/AA/AA+ | 0.53 | 2.17 | 3.55 | 4.55 |
Dist. of Columbia | A1/A+/A+ | 0.79 | 2.44 | 3.7 | 4.8 |
Puerto Rico | Baa3/BBB+/NR | 2.29 | 3.94 | 5.1 | 5.63 |
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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.
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