Mar. 31, 2011 | |||||
Southeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Virginia | Aaa/AAA/AAA | 0.3 | 1.72 | 3.09 | 4.77 |
Georgia | Aaa/AAA/AAA | 0.33 | 1.75 | 3.13 | 4.79 |
North Carolina | Aaa/AAA/AAA | 0.33 | 1.75 | 3.12 | 4.79 |
South Carolina | Aaa/AA+/AAA | 0.34 | 1.77 | 3.14 | 4.8 |
Tennessee | Aaa/AA+/AAA | 0.32 | 1.75 | 3.12 | 4.79 |
Kentucky | Aa1/AA+/AA | 0.44 | 1.93 | 3.39 | 5.09 |
West Virginia | Aa2/AA/AA | 0.42 | 1.94 | 3.46 | 5.04 |
Alabama | Aa1/AA/AA+ | 0.44 | 1.92 | 3.39 | 5.05 |
Mississippi | Aa2/AA/AA+ | 0.52 | 2.14 | 3.53 | 5.19 |
Florida | Aa1/AAA/AAA | 0.5 | 2.07 | 3.54 | 5.14 |
Louisiana | Aa2/AA+/AA | 0.37 | 1.92 | 3.34 | 5.02 |
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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 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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