Aug. 27, 2013 | |||||
Southwest: Plain/Insured GO Yield Curve* | |||||
State | Ratings | One-Year | Five-Year | 10-Year | 30-Year |
---|---|---|---|---|---|
Arizona | Aa3/AA+/NR | 0.34 | 1.8 | 3.31 | 4.78 |
Arkansas | Aa1/AA/NR | 0.21 | 1.58 | 3.12 | 4.64 |
Colorado | Aa1/AA/NR | 0.21 | 1.68 | 3.22 | 4.71 |
Kansas | Aa1/AA+/NR | 0.21 | 1.68 | 3.24 | 4.74 |
New Mexico | Aaa/AA+/NR | 0.21 | 1.59 | 3.14 | 4.61 |
Oklahoma | Aa2/AA+/AA+ | 0.21 | 1.68 | 3.21 | 4.74 |
Texas | Aaa/AA+/AAA | 0.22 | 1.59 | 3.16 | 4.61 |
Utah | Aaa/AAA/AAA | 0.18 | 1.5 | 2.96 | 4.46 |
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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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