Apr. 1, 2011 | |||||
Far West: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Alaska | Aa1/AA+/AA+ | 0.42 | 1.96 | 3.4 | 5 |
Oregon | Aa1/AA+/AA+ | 0.42 | 1.96 | 3.39 | 5.05 |
Montana | Aa1/AA/AA+ | 0.44 | 1.94 | 3.4 | 5.05 |
Wyoming | NR/AA+/NR | 0.42 | 1.95 | 3.45 | 5.1 |
Idaho | Aa1/AA+/NR | 0.47 | 1.99 | 3.45 | 5.1 |
Washington | Aa1/AA+/AA+ | 0.45 | 2.04 | 3.46 | 5.15 |
Hawaii | Aa1/AA/AA+ | 0.42 | 2.03 | 3.5 | 5.1 |
Nevada | Aa2/AA/AA+ | 0.6 | 2.46 | 3.95 | 5.5 |
California | A1/A+/A+ | 0.9 | 2.62 | 4.14 | 5.84 |
-
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