Aug. 31, 2010 | |||||
Southwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Utah | Aaa/AAA/AAA | 0.25 | 1.07 | 2.19 | 3.69 |
Texas | Aaa/AA+/AAA | 0.3 | 1.18 | 2.35 | 3.89 |
New Mexico | Aaa/AA+/NR | 0.3 | 1.17 | 2.35 | 3.89 |
Oklahoma | Aa2/AA+/AA+ | 0.33 | 1.19 | 2.38 | 3.94 |
Arizona | Aa2/AA/NR | 0.45 | 1.42 | 2.57 | 4.09 |
Arkansas | Aa1/AA/NR | 0.35 | 1.25 | 2.41 | 3.94 |
Colorado | Aa1/AA-/NR | 0.3 | 1.19 | 2.36 | 3.89 |
Kansas | Aa1/AA+/NR | 0.37 | 1.32 | 2.54 | 3.99 |
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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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