Zions Direct Announces Auction Results - Auctions Of Municipal And Corporate Bonds For Week Ending March 4, 2011

Online, March 9, 2011 (Newswire.com) - Zions Direct (www.zionsdirect.com), the online broker-dealer that allows its customers to purchase municipal bonds and corporate bonds in its daily web-based auctions, announces their weekly auction results. In auctions closed from February 28, 2011 to March 4, 2011, investors purchasing municipal bonds in the auctions received average tax-exempt yields 1.02 percentage points, or 102 basis points, higher than similar bonds as reported by the Municipal Securities Rulemaking Board (MSRB). Customers that purchased corporate bonds in the auctions received average taxable yields 108 basis points higher than comparable bonds reported in FINRA's Trade Reporting and Compliance Engine (TRACE).

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. Findings are compared against similar securities auctioned at Zions Direct Auctions (www.auctions.zionsdirect.com). Since February 2007, Zions Direct has auctioned over 750 million dollars in more than 2,000 fixed-income auctions.

ZIONS DIRECT / BONDDESK® MARKET SNAPSHOT
Municipal Bonds' Average Yields Trade Data (source: MSRB)
2011 2012 2013 2014 2016 2018 2021
Rating