Municipal Bonds
Have you ever tried to make sense of the huge municipal bond market? This market alone is much localized, consisting of 1.5 million issues sold by 50,000 municipal issuers with a wide range of credit ratings, and traded and underwritten by as many as 2,000 securities dealers. By comparison, just this market represents many times the number of issues listed on all U.S. stock exchanges
Municipal Bonds
(15:59 ET May 16, 12)
| Maturity |
Yield |
Yesterday |
Last Week |
Last Month |
Yield Change |
TEY* (28%) |
Spread |
| 2yr AAA |
0.44 |
0.44 |
0.30 |
0.28 |
-0.07 |
0.61 |
0.35
|
| 2yr AA |
0.57 |
0.57 |
0.45 |
0.44 |
-0.02 |
0.79 |
0.53
|
| 2yr A |
0.74 |
0.77 |
0.82 |
0.97 |
-0.08 |
1.03 |
0.77
|
| 5yr AAA |
0.85 |
0.82 |
0.74 |
0.80 |
-0.11 |
1.18 |
0.46
|
| 5yr AA |
0.99 |
0.98 |
1.01 |
1.07 |
-0.07 |
1.38 |
0.66
|
| 5yr A |
1.38 |
1.38 |
1.44 |
1.40 |
-0.13 |
1.92 |
1.20
|
| 10yr AAA |
1.59 |
1.54 |
1.62 |
1.65 |
-0.24 |
2.21 |
0.47
|
| 10yr AA |
1.91 |
1.85 |
1.93 |
2.12 |
-0.15 |
2.65 |
0.91
|
| 10yr A |
2.32 |
2.37 |
2.28 |
1.99 |
-0.28 |
3.22 |
1.48
|
| 20yr AAA |
3.24 |
3.02 |
2.83 |
3.18 |
0.09 |
4.50 |
-
|
| 20yr AA |
3.46 |
3.54 |
3.61 |
3.50 |
0.14 |
4.81 |
-
|
| 20yr A |
3.19 |
3.28 |
3.63 |
3.71 |
-0.33 |
4.43 |
-
|
* Tax Equivalent Yield for 28% Federal Income Tax.
|
|
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Municipal Official Statements and Trade Data - from Municipal Securities Rulemaking Board/EMMA
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