SALT LAKE CITY, Jan. 10, 2013 /PRNewswire/ -- Zions Direct, the online broker-dealer that allows its customers to purchase corporate bonds in its daily web-based auctions, announces its weekly auction results. Since 2006, Zions Direct has auctioned over $2 billion in more than 7,000 fixed-income auctions.
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Corporate Bond Auction Results (auction data from auctions.zionsdirect.com)
Issuer |
Term |
Rating |
Auction Yield |
Protective Life Secured Trusts |
1 Month |
A |
0.91% |
Boeing Company |
1 Month |
A |
0.97% |
Marriott International |
1 Month |
BBB |
1.00% |
Bank of America / Merrill Lynch & Co |
1 Month |
BBB |
1.00% |
Shell International Finance |
3 Month |
AA |
0.86% |
Philip Morris Intl Inc |
4 Month |
A |
0.75% |
Caterpillar Fin Srvcs |
4 Month |
A |
0.86% |
Emerson Electric Company |
4 Month |
A |
0.88% |
Allstate Life Glbl Fndg Trust |
4 Month |
A |
1.00% |
Pitney Bowes Inc |
5 Month |
BBB |
1.00% |
Praxair Inc |
5 Month |
A |
1.04% |
Rio Tinto Finance (USA) LTD |
6 Month |
A |
1.05% |
Walgreen Co |
7 Month |
BBB |
1.27% |
National Rural Utilities |
8 Month |
A |
1.18% |
IBM Corp |
9 Month |
AA |
0.89% |
Zions Direct, in conjunction with BondDesk Group LLC, regularly publishes a Market Snapshot for investors to help understand the current bond market, summarizing current weighted-average yields of investment-grade municipal and corporate bonds.
ZIONS DIRECT / BONDDESK® MARKET SNAPSHOT
Corporate Bonds' Average Yields Trade Data* (source: FINRA's TRACE)
2013 |
2014 |
2015 |
2016 |
2018 |
2020 |
2023 |
|
Rating |
<9mo |
1 yr |
2 yr |
3 yr |
5 yr |
7 yr |
10 yr |
AAA |
0.19% |
0.31% |
0.40% |
0.48% |
1.10% |
1.93% |
2.49% |
AA |
0.29% |
0.38% |
0.68% |
0.82% |
1.32% |
2.26% |
2.69% |
A |
0.34% |
0.55% |
0.77% |
0.99% |
1.47% |
2.29% |
2.74% |
BBB |
0.73% |
1.14% |
1.25% |
1.92% |
2.27% |
3.45% |
3.89% |
*Terms are defined as follows: < 9 months = anything up to .75 years to maturity; 1 year = anything greater than 0.75 years up to 1.5 years to maturity; 2 years = anything greater than 1.5 years up to 2.5 years to maturity; 3 years = anything greater than 2.5 years up to 4 years to maturity; 5 years = anything greater than 4 years up to 6 years to maturity; 7 years = anything greater than 6 years up to 8.5 years to maturity; 10 years = anything greater than 8.5 years up to 11.5 years to maturity.
THE INFORMATION IN THE MARKET SNAPSHOT IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.
For more information about Zions Direct and to sign up to receive the free weekly e-newsletter, visit zionsdirect.com. This Market Snapshot can be found at think.zionsdirect.com.
Market Snapshot Information Disclaimer
TRACE bond trade data displayed as weighted average yield. Corporate bond information from FINRA's Trade Reporting and Compliance Engine (TRACE) as of January 4, 2013. The Trade Data was developed by BondDesk Group based on trade reporting information from TRACE, and excludes transactions in callable and floating-rate coupon bonds. Auction information from auctions.zionsdirect.com as of January 4, 2013. The aggregate rating for each bond is based on average ratings from Moody's and S&P (when available).
Although information in this Market Snapshot is believed to be reliable, Zions Direct and BondDesk make no express or implied warranties of any kind regarding this information, including as to its accuracy or completeness. Auction data excludes bonds in undersubscribed auctions. Any specific weekly results may be heavily influenced by large, atypical volatility, trade volume, or other unusual investing events.
Investment products and services offered through Zions Direct, member of FINRA/SIPC.
Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value
Zions Direct is a wholly owned non-bank subsidiary of Zions Bank.
SOURCE Zions Direct
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