Sep. 28, 2011 | |||||
Midwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Illinois | A1/A+/A+ | 0.83 | 2.22 | 3.65 | 4.92 |
Indiana | Aaa/AAA/AA+ | 0.31 | 1.08 | 2.25 | 3.68 |
Iowa | Aaa/AAA/AAA | 0.28 | 1.07 | 2.22 | 3.67 |
Michigan | Aa2/AA/AA- | 0.43 | 1.55 | 2.75 | 4.17 |
Minnesota | Aa1/AA+/AA+ | 0.23 | 0.95 | 2.07 | 3.49 |
Missouri | Aaa/AAA/AAA | 0.23 | 0.92 | 2.02 | 3.47 |
Nebraska | NR/AAA/AA+ | 0.36 | 1.15 | 2.27 | 3.72 |
North Dakota | Aa1/AA+/NR | 0.35 | 1.13 | 2.27 | 3.72 |
Ohio | Aa1/AA+/AA+ | 0.33 | 1.12 | 2.32 | 3.79 |
South Dakota | NR/AA+/NR | 0.39 | 1.2 | 2.32 | 3.75 |
Wisconsin | Aa2/AA/AA | 0.3 | 1.07 | 2.3 | 3.73 |
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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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The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
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It's a time of change, challenge and opportunity in the infrastructure and P3 space, Patrick Harder said.
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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.
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