Jun. 24, 2013 | |||||
Northeast: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Connecticut | Aa3/AA/AA | 0.25 | 1.49 | 2.81 | 4.13 |
Delaware | Aaa/AAA/AAA | 0.18 | 1.28 | 2.48 | 3.78 |
Maine | Aa2/AA/AA | 0.19 | 1.35 | 2.6 | 3.91 |
Maryland | Aaa/AAA/AAA | 0.18 | 1.29 | 2.48 | 3.78 |
Massachusetts | Aa1/AA+/AA+ | 0.22 | 1.47 | 2.76 | 4.08 |
New Hampshire | Aa1/AA/AA+ | 0.18 | 1.34 | 2.55 | 3.83 |
New Jersey | Aa3/AA+/AA+ | 0.23 | 1.54 | 2.83 | 4.15 |
New York | Aa2/AA/AA | 0.18 | 1.36 | 2.67 | 4.04 |
Pennsylvania | Aa2/AA/AA+ | 0.2 | 1.44 | 2.75 | 4.07 |
Rhode Island | Aa2/AA/AA | 0.28 | 1.59 | 2.88 | 4.23 |
Vermont | Aaa/AA+/AAA | 0.18 | 1.31 | 2.53 | 3.8 |
Dist. of Columbia | Aa2/A+/AA+ | 0.33 | 1.61 | 2.88 | 4.18 |
Puerto Rico | Baa3/BBB+/BBB+ | 2.08 | 4.34 | 5.46 | 6.03 |
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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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