Friday, October 14, 2022 |
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MANAGING DIRECTOR: |
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US Treasury Market |
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| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 10/06/22 | 3.05 | 3.46 | 4.04 | 4.19 | 4.23 | 4.24 | 4.05 | 3.95 | 3.83 | 4.08 | 3.81 |
| 10/07/22 | 3.03 | 3.45 | 4.09 | 4.24 | 4.30 | 4.33 | 4.14 | 4.03 | 3.89 | 4.13 | 3.86 |
| 10/11/22 | 3.07 | 3.67 | 4.17 | 4.28 | 4.30 | 4.31 | 4.14 | 4.06 | 3.93 | 4.19 | 3.92 |
| 10/12/22 | 3.07 | 3.70 | 4.16 | 4.28 | 4.28 | 4.29 | 4.12 | 4.03 | 3.91 | 4.18 | 3.90 |
| 10/13/22 | 3.35 | 3.79 | 4.30 | 4.46 | 4.47 | 4.44 | 4.21 | 4.11 | 3.97 | 4.25 | 3.97 |
Source: U.S. Department of the Treasury, as of 10/13/2022
Municipal Traders Perspective
The municipal market is producing yields not seen since 2013.
Current benchmark levels in 10 years are 125 basis points MORE than the 10 year average.
Current benchmark levels in 10 years are 125 basis points MORE than the 10 year average.
Source: Bloomberg
While banks don’t all have excess liquidity to take advantage of these levels, many individuals are jumping at the chance to preserve their cash versus potentially taking a hit in the equity markets.
Did you know you can achieve almost a 7% taxable equivalent yield in above investment grade tax-free municipals? Take a look at the following offerings in Kansas and Missouri. Similar yields can be found in many other states as well.
Lyon County Unified School District #253 (Emporia), Kansas
Unlimited Tax General Obligation
A1 rated by S&P
$650,000 available 4.00% due 9-1-2039 offered @ 4.10 yield
Callable 9-1-27
Columbia School District, Missouri
Unlimited Tax General Obligation
Aa1 rated by S&P / AA by Moody’s
$3,025,000 available 4.00% due 3-1-2040 offered @ 4.10 yield
Callable 3-1-30
4.10 tax-free = over 6.90% taxable equivalent yield in the highest bracket
(Indications only, subject to change and availability)
This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.
•Not FDIC Insured •No Bank Guarantee •May Lose Value