May. 17, 2013 | |||||
Far West: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Alaska | Aaa/AAA/AAA | 0.19 | 0.81 | 1.9 | 3.01 |
California | A1/A/A+ | 0.23 | 1.1 | 2.25 | 3.55 |
Hawaii | Aa2/AA/AA+ | 0.23 | 0.96 | 2.04 | 3.19 |
Idaho | Aa1/AA+/NR | 0.24 | 0.97 | 2.05 | 3.2 |
Montana | Aa1/AA/AA+ | 0.22 | 0.98 | 2.07 | 3.22 |
Nevada | Aa2/AA/AA+ | 0.26 | 0.99 | 2.28 | 3.43 |
Oregon | Aa1/AA+/AA+ | 0.22 | 0.85 | 1.94 | 3.11 |
Washington | Aa1/AA+/AA+ | 0.24 | 0.97 | 2.1 | 3.26 |
Wyoming | NR/AAA/NR | 0.21 | 0.85 | 1.9 | 3.05 |
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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.
10h ago -
The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
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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