Jan. 5, 2011 | |||||
Midwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Missouri | Aaa/AAA/AAA | 0.37 | 1.62 | 3.15 | 4.67 |
Minnesota | Aa1/AAA/AAA | 0.39 | 1.65 | 3.18 | 4.68 |
Iowa | Aaa/AAA/AAA | 0.42 | 1.8 | 3.38 | 4.9 |
Wisconsin | Aa2/AA/AA | 0.47 | 1.82 | 3.45 | 4.95 |
Indiana | Aaa/AAA/AA+ | 0.49 | 1.87 | 3.45 | 4.97 |
North Dakota | Aa1/AA/NR | 0.54 | 1.85 | 3.45 | 4.97 |
Ohio | Aa1/AA+/AA+ | 0.53 | 1.85 | 3.47 | 4.98 |
Nebraska | NR/AA+/AA+ | 0.57 | 1.94 | 3.55 | 5.02 |
South Dakota | NR/NR/NR | 0.59 | 1.97 | 3.55 | 5.07 |
Michigan | Aa2/AA/AA+ | 0.72 | 2.27 | 4 | 5.47 |
Illinois | A1/A+/A+ | 2.07 | 3.72 | 5.25 | 6.27 |
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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