Apr. 11, 2011 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Delaware | Aaa/AAA/AAA | 0.32 | 1.79 | 3.25 | 4.82 |
Maryland | Aaa/AAA/AAA | 0.32 | 1.79 | 3.25 | 4.82 |
Vermont | Aaa/AA+/AAA | 0.4 | 1.93 | 3.43 | 4.97 |
New Hampshire | Aa1/AA/AA+ | 0.37 | 1.9 | 3.38 | 4.98 |
Pennsylvania | Aa1/AA/AA+ | 0.38 | 1.98 | 3.45 | 5.01 |
Maine | Aa2/AA/AA+ | 0.42 | 1.99 | 3.5 | 5 |
Connecticut | Aa2/AA/AA | 0.42 | 2.01 | 3.49 | 4.99 |
Massachusetts | Aa1/AA/AA+ | 0.38 | 1.99 | 3.54 | 5.1 |
New York | Aa2/AA/AA | 0.43 | 1.99 | 3.58 | 5.09 |
Rhode Island | Aa2/AA/AA | 0.52 | 2.29 | 3.75 | 5.27 |
New Jersey | Aa2/AA+/AA | 0.67 | 2.52 | 4.03 | 5.32 |
Dist. of Columbia | Aa2/A+/AA+ | 0.57 | 2.24 | 3.95 | 5.42 |
Puerto Rico | A3/BBB/BBB+ | 1.52 | 4.09 | 5.4 | 6.4 |
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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