Aug. 31, 2011 | |||||
Midwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Illinois | A1/A+/A+ | 0.72 | 2.19 | 3.79 | 5.32 |
Indiana | Aaa/AAA/AA+ | 0.3 | 1.05 | 2.5 | 4.1 |
Iowa | Aaa/AAA/AAA | 0.27 | 1.04 | 2.47 | 4.09 |
Michigan | Aa2/AA/AA+ | 0.42 | 1.52 | 3 | 4.59 |
Minnesota | Aa1/AAA/AA+ | 0.22 | 0.91 | 2.29 | 3.89 |
Missouri | Aaa/AAA/AAA | 0.22 | 0.89 | 2.27 | 3.89 |
Nebraska | NR/AAA/AA+ | 0.35 | 1.12 | 2.52 | 4.14 |
North Dakota | Aa1/AA+/NR | 0.34 | 1.1 | 2.52 | 4.14 |
Ohio | Aa1/AA+/AA+ | 0.32 | 1.18 | 2.65 | 4.24 |
South Dakota | NR/AA+/NR | 0.38 | 1.17 | 2.57 | 4.17 |
Wisconsin | Aa2/AA/AA | 0.27 | 1.04 | 2.53 | 4.16 |
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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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