Jan. 24, 2011 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Delaware | Aaa/AAA/AAA | 0.37 | 1.89 | 3.42 | 4.95 |
Maryland | Aaa/AAA/AAA | 0.37 | 1.89 | 3.42 | 4.95 |
Vermont | Aaa/AA+/AAA | 0.45 | 2.03 | 3.6 | 5.1 |
New Hampshire | Aa1/AA/AA+ | 0.49 | 2.04 | 3.62 | 5.15 |
Pennsylvania | Aa1/AA/AA+ | 0.5 | 2.06 | 3.64 | 5.16 |
Maine | Aa2/AA/AA+ | 0.47 | 2.09 | 3.67 | 5.13 |
Connecticut | Aa2/AA/AA | 0.49 | 2.14 | 3.67 | 5.15 |
Massachusetts | Aa1/AA/AA+ | 0.5 | 2.16 | 3.72 | 5.22 |
New York | Aa2/AA/AA | 0.48 | 2.13 | 3.75 | 5.25 |
Rhode Island | Aa2/AA/AA | 0.52 | 2.29 | 3.92 | 5.4 |
New Jersey | Aa2/AA/AA | 0.72 | 2.59 | 4.12 | 5.45 |
Dist. of Columbia | Aa2/A+/AA+ | 0.62 | 2.28 | 3.92 | 5.45 |
Puerto Rico | A3/BBB+/NR | 1.52 | 3.94 | 5.62 | 6.31 |
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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.
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