Nov. 1, 2010 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Delaware | Aaa/AAA/AAA | 0.3 | 1.2 | 2.53 | 3.86 |
Maryland | Aaa/AAA/AAA | 0.3 | 1.2 | 2.53 | 3.86 |
Vermont | Aaa/AA+/AAA | 0.32 | 1.22 | 2.55 | 3.9 |
New Hampshire | Aa1/AA/AA+ | 0.32 | 1.3 | 2.63 | 3.91 |
Pennsylvania | Aa1/AA/AA+ | 0.36 | 1.34 | 2.72 | 4.03 |
Connecticut | Aa2/AA/AA | 0.4 | 1.35 | 2.71 | 3.99 |
Maine | Aa2/AA/AA+ | 0.35 | 1.28 | 2.71 | 4.06 |
Massachusetts | Aa1/AA/AA+ | 0.39 | 1.36 | 2.72 | 4.05 |
New York | Aa2/AA/AA | 0.48 | 1.58 | 3.03 | 4.44 |
New Jersey | Aa2/AA/AA | 0.58 | 1.58 | 2.93 | 4.18 |
Rhode Island | Aa2/AA/AA | 0.45 | 1.55 | 2.93 | 4.21 |
Dist. of Columbia | Aa2/A+/AA+ | 0.55 | 1.65 | 2.98 | 4.31 |
Puerto Rico | A3/BBB+/NR | 1.5 | 2.9 | 4.21 | 5.11 |
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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