Oct. 15, 2012 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Connecticut | Aa3/AA/AA | 0.23 | 0.82 | 1.98 | 3.11 |
Delaware | Aaa/AAA/AAA | 0.2 | 0.63 | 1.7 | 2.86 |
Maine | Aa2/AA/AA+ | 0.21 | 0.73 | 1.86 | 2.96 |
Maryland | Aaa/AAA/AAA | 0.2 | 0.63 | 1.7 | 2.86 |
Massachusetts | Aa1/AA+/AA+ | 0.22 | 0.78 | 1.91 | 3.08 |
New Hampshire | Aa1/AA/AA+ | 0.2 | 0.68 | 1.76 | 2.91 |
New Jersey | Aa3/AA+/AA+ | 0.25 | 0.84 | 2.03 | 3.21 |
New York | Aa2/AA/AA | 0.23 | 0.69 | 1.9 | 3.09 |
Pennsylvania | Aa2/AA/AA+ | 0.22 | 0.77 | 1.91 | 3.07 |
Rhode Island | Aa2/AA/AA | 0.3 | 0.99 | 2.21 | 3.37 |
Vermont | Aaa/AA+/AAA | 0.21 | 0.65 | 1.72 | 2.88 |
Dist. of Columbia | Aa2/A+/AA+ | 0.35 | 0.95 | 2.13 | 3.29 |
Puerto Rico | Baa1/BBB/BBB+ | 1 | 2.83 | 4.45 | 5.06 |
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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