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Zions Direct Announces FDIC-Insured CD Auction Results

Russell Fisher — Thu, 09 Feb 2012 15:00:11 +0000

Results for Auctions of FDIC-insured Certificates of Deposit through February 7, 2012

SALT LAKE CITY – February 9, 2012 – Zions Direct, the online broker-dealer that allows its customers to purchase FDIC – insured Certificates of Deposit in its daily web-based auctions, announces its weekly auction results. In auctions closed from February 1, 2012 to February 7, 2012, investors purchasing FDIC-insured CDs in the auctions received average yields 0.60 percentage points, or 60 basis points, higher than average yields on similar CDs as reported in Informa Research Services Top 50 National APYs, February 7, 2012.

Zions Direct regularly publishes data from CDs auctioned at Zions Direct Auctions compared against similar securities offered in the marketplace in their Market Snapshot. Since February 2007, Zions Direct has auctioned over 1.1 billion dollars in more than 4,000 fixed-income auctions.

ZIONS DIRECT AUCTIONS MARKET SNAPSHOT

FDIC-Insured Certificate of Deposit Data*

1 Mo

2 Mo

3 Mo

6 Mo

9 Mo

1 Yr

Zions Direct Auction CDs

0.91%

0.78%

0.80%

0.72%

0.53%

0.95%

Informa Top 50 National APYs

0.13%

0.22%

0.31%

Zions Direct / National APY Difference

0.67%

0.50%

0.64%

Total Average Difference (basis points): 60

For more information on Zions Direct and the Market Snapshot go to zionsdirect.com to sign up to receive the free weekly newsletter or visit think.zionsdirect.com to view a Market Snapshot archive.

THE INFORMATION INCLUDED IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.

*See Additional Disclaimer for data source information.

About Zions Direct

Zions Direct is a broker-dealer that specializes in offering securities for self-directed and fixed income-focused investors. Zions Direct allows retail investors to buy FDIC-insured certificates of deposit, corporate and municipal bonds, and other investment products through their web-based Bond Store and auction platforms. In addition, clients can invest in stocks, mutual funds, and exchange-traded funds online or through a Zions Direct financial representative.

Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions Bank are NOT insured by the FDIC or any federal or state governmental agency, are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested. FDIC-insured CDs are insured up to $250,000 per individual account holder per bank.

Additional Disclaimer

Zions Direct Auction CD yields are from auctions ending February 1, 2012 to February 7, 2012. A weighted average is calculated when multiple CDs of similar terms are sold through platform. FDIC-insured CDs with terms of 1 month are noted as 1 month; 2 months are noted as 2 months; 3 – 4 months are noted as 3 months; 5 – 7 months as 6 months; 8 – 10 months as 9 months; 11 – 17 months as 1 year; 18 – 29 months as 2 year; 48 – 71 months as 5 years.

Top 50 National APYs – Top 50 U.S. bank and thrift holding companies by deposits. CD Rates Average APYs are based on certificate of deposit accounts for $25,000. Copyright 2012 Informa Research Services, Inc as a part of their Interest Rate Review – Retail. Report dated February 7, 2012.

Zions Direct Announces Corporate Bond Auction Results

Russell Fisher — Wed, 08 Feb 2012 15:00:26 +0000

Auctions of Corporate Bonds for week ending February 3, 2012

SALT LAKE CITY – 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. In auctions closed from January 30, 2012 to February 3, 2012, investors purchasing corporate bonds in the auctions received average taxable yields 0.63 percentage points, or 63 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. Since February 2007, Zions Direct has auctioned over 1.1 billion dollars in more than 4,000 fixed-income auctions.

ZIONS DIRECT / BONDDESK® MARKET SNAPSHOT

Corporate Bonds’ Average Yields Trade Data (source: FINRA’s TRACE)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.21%	0.23%	0.26%	1.39%	1.23%	1.67%	2.07%
AA	0.26%	0.60%	1.08%	1.43%	2.21%	3.08%	3.63%
A	0.62%	0.69%	1.40%	2.17%	2.78%	3.60%	3.88%
BBB	0.95%	1.64%	2.00%	2.75%	3.46%	4.17%	4.42%

Corporate Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	TRACE	Difference
				Avg Yield	(basis points)
John Deere Capital Corp	1 Month	A	1.69%	0.62%	107
JP Morgan / Bank One	1 Year	A	1.69%	0.69%	100
Caterpillar Fin Srvcs	14 Month	A	1.34%	0.69%	65
Hewlett-Packard Co	1 Month	BBB	1.85%	0.95%	90
Ontario (Province of)	4 Month	AA	1.25%	0.26%	99
General Electric Capital Corp	11 Month	AA	1.15%	0.60%	55
Autozone Inc.	16 Month	BBB	1.88%	1.64%	24
Caterpillar Fin Srvcs	1 Month	A	1.21%	0.62%	59
Dow Chemical Co	6 Month	BBB	1.84%	0.95%	89
Goldman Sachs Group Inc	9 Month	A	1.23%	0.69%	54
Wells Fargo & Company	1 Year	A	1.01%	0.69%	32
Costco Wholesale Corp	1 Month	A	1.15%	0.62%	53
General Electric Capital Corp	4 Month	AA	0.90%	0.26%	64
Citigroup, Inc.	8 Month	A	1.48%	0.62%	86
Diageo Capital PLC	1 Year	A	1.37%	0.69%	68
Target Corp	1 Month	A	0.95%	0.62%	33
Shell International Finance	1 Month	AA	0.93%	0.26%	67
Prudential Financial Inc	7 Month	BBB	1.26%	0.95%	31
Praxair Inc	9 Month	A	0.93%	0.69%	24
Average Difference					63

For more information on Zions Direct and the BondDesk Market Snapshot go to zionsdirect.com to sign up to receive the free weekly newsletter or visit think.zionsdirect.com to view a Market Snapshot archive.

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.

About Zions Direct

Zions Direct is a broker-dealer that specializes in offering securities for self-directed and fixed income-focused investors. Zions Direct allows retail investors to buy FDIC-insured certificates of deposit, corporate and municipal bonds, and other investment products through its web-based Bond Store and auction platforms. In addition, clients can invest in stocks, mutual funds, and exchange-traded funds online or through a Zions Direct financial representative.

About BondDesk Group LLC

BondDesk Group LLC is a financial technology firm, providing enterprise-wide fixed income solutions to many of the top broker-dealers in North America. The BondDesk Alternative Trading System (ATS), run by BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity for odd-lot fixed income securities in multiple asset classes. The BondDesk ATS executes over 20,000 transactions per day by providing 2,000 broker-dealers access to 35,000 live and executable offerings from over 100 premier fixed income dealers. In addition, BondDesk Group is a leading provider of innovative fixed income wealth management solutions, advisor workstations and fixed income analytical tools and applications.

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 February 3, 2012. 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 February 3, 2012. 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.

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.

Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions Bank are NOT insured by the FDIC or any federal or state governmental agency, are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested.

Zions Direct Announces Municipal Bond Auction Results

Russell Fisher — Tue, 07 Feb 2012 15:00:48 +0000

Auctions of Municipal Bonds for week ending February 3, 2012

SALT LAKE CITY – Zions Direct, the online broker-dealer that allows its customers to purchase municipal bonds in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 30, 2012 to February 3, 2012, investors purchasing municipal bonds in the auctions received average tax-exempt yields 0.80 percentage points, or 80 basis points, higher than similar bonds as reported by the Municipal Securities Rulemaking Board (MSRB).

Municipal Bonds’ Average Yields Trade Data (source: MSRB)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.25%	0.35%	0.43%	0.58%	0.82%	1.14%	1.54%
AA	0.31%	0.41%	0.53%	0.92%	0.99%	1.44%	1.97%
A	0.50%	0.72%	0.79%	1.08%	1.43%	1.97%	2.50%
BBB	0.75%	1.08%	1.44%	2.46%	3.01%	3.10%	3.76%
Insured AAA-AA	0.35%	0.46%	0.62%	0.89%	1.17%	1.58%	1.95%

Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	MSRB	Difference
				Avg Yield	(basis points)
State of Oregon, OR GO	2 Month	AA	0.87%	0.31%	56
Tarrant Reg Wtr Dist, TX Rev	13 Month	Insured AA	1.21%	0.46%	75
Spanish Fork City, UT Rev	4.5 Year	AA	2.33%	0.99%	134
Texas Trans Comm., TX Rev	2 Month	AAA	0.90%	0.25%	65
Palm Beach Co Sch Bd, FL Cop	6 Month	Insured AA	0.83%	0.35%	48
Texas Tech Univ Sys, TX Rev	1 Year	Insured AA	1.14%	0.46%	68
Fremont, CA GO	3.5 Year	AA	1.89%	0.92%	97
Lauren Co Sch Dist #56, SC GO	1 Month	Insured AA	1.15%	0.35%	80
Dona Ana Comm College, NM GO	6 Month	AA	1.12%	0.31%	81
Los Angeles, CA Rev	16 Month	Insured AA	1.64%	0.46%	118
Lowell, MA GO	2.5 Year	Insured AA	1.49%	0.89%	60
Texas Trans Comm, TX Rev	2 Month	AAA	0.85%	0.25%	60
Massachusetts, GO	6 Month	AA	1.03%	0.31%	72
San Diego Pub Facs Fin, CA Rev	18 Month	Insured A	1.24%	0.46%	78
Utah Assc Muni Pwr Sys, UT Rev	6 Year	Insured A	1.35%	1.17%	18
Utah St Bldg Owrshp Auth, UT Rev	3 Month	AA	0.85%	0.31%	54
Stamford, CT GO	6 Month	AA	1.00%	0.31%	69
Pasco Cnty Sch Brd, FL COP	18 Month	Insured A	2.10%	0.46%	164
Brownwood ISD, TX GO	2 Year	Insured A	1.95%	0.62%	133
Average Difference					80

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.

About Zions Direct

MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of February 3, 2012. The Trade Data was developed by BondDesk Group based on information from MSRB’s Real-Time Transaction Reporting System, and excludes transactions in taxable bonds. Auction information from auctions.zionsdirect.com as of February 3, 2012. The aggregate rating for each bond is based on average ratings from Moody’s and S&P (when available).

Municipal bonds are exempt from federal tax and may or may not be tax-exempt in individual states. The inclusion of municipal bonds selected by tax-exempt status is generated from pertinent federal tax attributes as populated from Muller, IDC, and/or BD ATS data sources.

Zions Direct Announces FDIC-Insured CD Auction Results

Russell Fisher — Thu, 02 Feb 2012 16:00:29 +0000

Results for Auctions of FDIC-insured Certificates of Deposit through January 31, 2012

SALT LAKE CITY – February 2, 2012 – Zions Direct, the online broker-dealer that allows its customers to purchase FDIC – insured Certificates of Deposit in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 25, 2012 to January 31, 2012, investors purchasing FDIC-insured CDs in the auctions received average yields 0.52 percentage points, or 52 basis points, higher than average yields on similar CDs as reported in Informa Research Services Top 50 National APYs, January 31, 2012.

Zions Direct regularly publishes data from CDs auctioned at Zions Direct Auctions compared against similar securities offered in the marketplace in their Market Snapshot. Since February 2007, Zions Direct has auctioned over 1.1 billion dollars in more than 4,000 fixed-income auctions.

ZIONS DIRECT AUCTIONS MARKET SNAPSHOT

FDIC-Insured Certificate of Deposit Data*

1 Mo

2 Mo

3 Mo

6 Mo

9 Mo

1 Yr

Zions Direct Auction CDs

0.90%

0.98%

0.85%

0.60%

0.75%

0.78%

Informa Top 50 National APYs

0.14%

0.22%

0.31%

Zions Direct / National APY Difference

0.71%

0.38%

0.47%

Total Average Difference (basis points): 52

For more information on Zions Direct and the Market Snapshot go to zionsdirect.com to sign up to receive the free weekly newsletter or visit think.zionsdirect.com to view a Market Snapshot archive.

THE INFORMATION INCLUDED IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.

*See Additional Disclaimer for data source information.

About Zions Direct

Zions Direct is a broker-dealer that specializes in offering securities for self-directed and fixed income-focused investors. Zions Direct allows retail investors to buy FDIC-insured certificates of deposit, corporate and municipal bonds, and other investment products through their web-based Bond Store and auction platforms. In addition, clients can invest in stocks, mutual funds, and exchange-traded funds online or through a Zions Direct financial representative.

Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions Bank are NOT insured by the FDIC or any federal or state governmental agency, are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested. FDIC-insured CDs are insured up to $250,000 per individual account holder per bank.

Additional Disclaimer

Zions Direct Auction CD yields are from auctions ending January 25, 2012 to January 31, 2012. A weighted average is calculated when multiple CDs of similar terms are sold through platform. FDIC-insured CDs with terms of 1 month are noted as 1 month; 2 months are noted as 2 months; 3 – 4 months are noted as 3 months; 5 – 7 months as 6 months; 8 – 10 months as 9 months; 11 – 17 months as 1 year; 18 – 29 months as 2 year; 48 – 71 months as 5 years.

Top 50 National APYs – Top 50 U.S. bank and thrift holding companies by deposits. CD Rates Average APYs are based on certificate of deposit accounts for $25,000. Copyright 2012 Informa Research Services, Inc as a part of their Interest Rate Review – Retail. Report dated January 31, 2012.

Zions Direct Announces Corporate Bond Auction Results

Russell Fisher — Wed, 01 Feb 2012 15:00:41 +0000

Auctions of Corporate Bonds for week ending January 27, 2012

SALT LAKE CITY – 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. In auctions closed from January 23, 2012 to January 27, 2012, investors purchasing corporate bonds in the auctions received average taxable yields 0.40 percentage points, or 40 basis points, higher than comparable bonds reported in FINRA’s Trade Reporting and Compliance Engine (TRACE).

Corporate Bonds’ Average Yields Trade Data (source: FINRA’s TRACE)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.26%	0.36%	0.28%	1.51%	1.47%	1.78%	2.30%
AA	0.29%	0.63%	1.15%	1.52%	2.20%	3.40%	3.78%
A	0.64%	1.06%	1.48%	2.23%	2.81%	3.86%	4.25%
BBB	0.95%	1.79%	2.07%	2.74%	3.51%	4.40%	4.54%

Corporate Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	TRACE	Difference
				Avg Yield	(basis points)
General Electric Capital Corp	1 Month	AA	0.64%	0.29%	35
Morgan Stanley	2 Month	A	0.93%	0.64%	29
Boeing Company	10 Month	A	0.84%	1.06%	-22
Georgia Power Co.	20 Month	A	1.30%	1.48%	-18
Vodafone Group PLC	1 Month	A	1.45%	0.64%	81
Time Warner Inc	3 Month	BBB	1.15%	0.95%	20
JP Morgan Chase & Co.	8 Month	A	0.92%	0.64%	28
AT&T Inc	1 Year	A	0.94%	1.06%	-12
Walt Disney Company	1 Month	A	0.90%	0.64%	26
General Electric Capital Corp	5 Month	AA	1.53%	0.29%	124
E.I. Du Pont de Nemours	1 Year	A	1.43%	1.06%	37
Analog Devices	2.5 Year	A	2.62%	1.48%	114
General Electric Cap (FDIC Ins)	1 Month	AA	0.90%	0.29%	61
Goldman Sachs Group Inc	6 Month	A	1.40%	0.64%	76
Boeing Capital Corp	11 Month	A	0.85%	1.06%	-21
John Deere Capital Corp	14 Month	A	1.14%	1.06%	08
Caterpillar Fin Srvcs	1 Month	A	1.45%	0.64%	81
Goldman Sachs Group Inc	7 Month	A	1.53%	0.64%	89
HSBC Finance Corp	10 Month	A	1.84%	1.06%	78
Dell Inc	19 Month	A	1.31%	1.48%	-18
Average Difference					40

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.

About Zions Direct

TRACE bond trade data displayed as weighted average yield. Corporate bond information from FINRA’s Trade Reporting and Compliance Engine (TRACE) as of January 27, 2012. 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 27, 2012. The aggregate rating for each bond is based on average ratings from Moody’s and S&P (when available).

Zions Direct Announces Municipal Bond Auction Results

Russell Fisher — Tue, 31 Jan 2012 21:25:51 +0000

Auctions of Municipal Bonds for week ending January 27, 2012

SALT LAKE CITY – Zions Direct, the online broker-dealer that allows its customers to purchase municipal bonds in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 23, 2012 to January 27, 2012, investors purchasing municipal bonds in the auctions received average tax-exempt yields 0.77 percentage points, or 77 basis points, higher than similar bonds as reported by the Municipal Securities Rulemaking Board (MSRB).

Municipal Bonds’ Average Yields Trade Data (source: MSRB)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.24%	0.37%	0.45%	0.64%	0.88%	1.28%	1.72%
AA	0.35%	0.40%	0.53%	0.77%	1.06%	1.57%	2.05%
A	0.58%	0.55%	1.08%	1.20%	1.78%	2.00%	2.54%
BBB	0.60%	1.20%	1.65%	2.78%	3.53%	3.41%	3.80%
Insured AAA-AA	0.42%	0.46%	0.66%	0.88%	1.30%	1.59%	2.08%

Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	MSRB	Difference
				Avg Yield	(basis points)
Washington Cnty SD, UT GO	1 Month	AAA	0.84%	0.24%	60
Arizona Wtr Infra Fin Auth, AZ Rev	8 Month	AAA	0.95%	0.24%	71
Jacksonville, FL Rev	20 Month	AA	1.60%	0.53%	107
Orangeburg Co SD#3, SC GO	3 Year	Insured AA	1.45%	0.88%	57
State of Florida, GO	4 Month	AA	0.98%	0.35%	63
Hillview, KY GO	1 Year	A	1.45%	0.55%	90
Deltona, FL Rev	2.5 Year	Insured A	2.16%	0.88%	128
Fanwood, NJ GO	5 Year	Insured AA	1.53%	1.30%	23
Salt Lake City SD, UT GO	1 Month	AAA	0.85%	0.24%	61
Contra Costa Water Dist, CA Rev	8 Month	Insured AA	1.10%	0.42%	68
Buncombe Cnty, NC Rev	16 Month	AA	1.44%	0.40%	104
New Mexico State Univ, NM Rev	3 Year	Insured AA	1.36%	0.88%	48
Beaufort-Jasper Wtr & Swr, SC Rev	1 Month	Insured AA	0.95%	0.42%	53
Irving, TX Rev	6 Month	AA	0.85%	0.35%	50
Jefferson Co SD #R-1, CO GO	10 Month	AA	1.10%	0.40%	70
Anderson Co Sch Dist #1, SC GO	2 Month	Insured AA	1.13%	0.42%	71
State of California, CA GO	2 Month	Insured AA	1.11%	0.42%	69
Prescott USD #1, AZ GO	2.5 Year	Insured A	2.14%	0.66%	148
Weymouth, MA GO	6.5 Year	AA	2.80%	1.57%	123
Average Difference					77

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.

About Zions Direct

MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of January 27, 2012. The Trade Data was developed by BondDesk Group based on information from MSRB’s Real-Time Transaction Reporting System, and excludes transactions in taxable bonds. Auction information from auctions.zionsdirect.com as of January 27, 2012. The aggregate rating for each bond is based on average ratings from Moody’s and S&P (when available).

Zions Direct Announces FDIC-Insured CD Auction Results

Russell Fisher — Thu, 26 Jan 2012 21:11:02 +0000

Results for Auctions of FDIC-insured Certificates of Deposit through January 24, 2012

SALT LAKE CITY – January 26, 2012 – Zions Direct, the online broker-dealer that allows its customers to purchase FDIC – insured Certificates of Deposit in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 18, 2012 to January 24, 2012, investors purchasing FDIC-insured CDs in the auctions received average yields 0.47 percentage points, or 47 basis points, higher than average yields on similar CDs as reported in Informa Research Services Top 50 National APYs, January 24, 2012.

Zions Direct regularly publishes data from CDs auctioned at Zions Direct Auctions compared against similar securities offered in the marketplace in their Market Snapshot. Since February 2007, Zions Direct has auctioned over 1.1 billion dollars in more than 4,000 fixed-income auctions.

ZIONS DIRECT AUCTIONS MARKET SNAPSHOT

FDIC-Insured Certificate of Deposit Data*

1 Mo

2 Mo

3 Mo

6 Mo

9 Mo

1 Yr

Zions Direct Auction CDs

1.01%

0.49%

0.68%

0.66%

0.63%

0.74%

Informa Top 50 National APYs

0.14%

0.22%

0.32%

Zions Direct / National APY Difference

0.54%

0.44%

0.42%

Total Average Difference (basis points): 47

For more information on Zions Direct and the Market Snapshot go to zionsdirect.com to sign up to receive the free weekly newsletter or visit think.zionsdirect.com to view a Market Snapshot archive.

THE INFORMATION INCLUDED IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.

*See Additional Disclaimer for data source information.

About Zions Direct

Zions Direct is a broker-dealer that specializes in offering securities for self-directed and fixed income-focused investors. Zions Direct allows retail investors to buy FDIC-insured certificates of deposit, corporate and municipal bonds, and other investment products through their web-based Bond Store and auction platforms. In addition, clients can invest in stocks, mutual funds, and exchange-traded funds online or through a Zions Direct financial representative.

Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions Bank are NOT insured by the FDIC or any federal or state governmental agency, are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested. FDIC-insured CDs are insured up to $250,000 per individual account holder per bank.

Additional Disclaimer

Zions Direct Auction CD yields are from auctions ending January 18, 2012 to January 24, 2012. A weighted average is calculated when multiple CDs of similar terms are sold through platform. FDIC-insured CDs with terms of 1 month are noted as 1 month; 2 months are noted as 2 months; 3 – 4 months are noted as 3 months; 5 – 7 months as 6 months; 8 – 10 months as 9 months; 11 – 17 months as 1 year; 18 – 29 months as 2 year; 48 – 71 months as 5 years.

Top 50 National APYs – Top 50 U.S. bank and thrift holding companies by deposits. CD Rates Average APYs are based on certificate of deposit accounts for $25,000. Copyright 2012 Informa Research Services, Inc as a part of their Interest Rate Review – Retail. Report dated January 24, 2012.

Zions Direct Announces Corporate Bond Auction Results

Russell Fisher — Wed, 25 Jan 2012 15:00:13 +0000

Auctions of Corporate Bonds for week ending January 20, 2012

SALT LAKE CITY – 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. In auctions closed from January 16, 2012 to January 20, 2012, investors purchasing corporate bonds in the auctions received average taxable yields 0.29 percentage points, or 29 basis points, higher than comparable bonds reported in FINRA’s Trade Reporting and Compliance Engine (TRACE).

Corporate Bonds’ Average Yields Trade Data (source: FINRA’s TRACE)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.19%	0.27%	0.44%	1.78%	0.88%	1.91%	2.14%
AA	0.33%	0.77%	1.20%	1.84%	2.58%	3.24%	3.90%
A	0.66%	0.98%	1.62%	2.54%	3.04%	3.79%	4.23%
BBB	0.98%	2.00%	2.33%	3.27%	3.77%	4.51%	4.44%

Corporate Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	TRACE	Difference
				Avg Yield	(basis points)
Eli Lilly & Co	2 Month	A	1.01%	0.66%	35
Bank of America (FDIC Ins)	5 Month	AA	0.99%	0.33%	66
AT&T Inc (SBC Comm)	7 Month	A	1.23%	0.66%	57
General Electric Cap (FDIC Ins)	11 Month	AA	0.99%	0.77%	22
Goldman Sachs (FDIC Ins)	5 Month	AA	1.00%	0.33%	67
ConocoPhillips	9 Month	A	0.93%	0.66%	27
Praxair Inc	10 Month	A	0.91%	0.98%	-07
IBM Corp	10 Month	A	0.95%	0.98%	-04
JP Morgan Chase (FDIC Ins)	5 Month	AA	1.00%	0.33%	67
Citigroup Fndg Inc., (FDIC Ins)	9 Month	AA	0.89%	0.77%	12
E.I. Du Pont de Nemours	10 Month	A	0.95%	0.98%	-04
Diageo Capital PLC	1 Year	A	1.10%	0.98%	12
Goldman Sachs Group Inc	1 Month	A	0.99%	0.66%	33
Citigroup, Inc.	1 Month	A	1.08%	0.66%	42
Bank Of New York Mellon	9 Month	A	0.94%	0.98%	-04
Protective Life Ins Co	16 Month	A	1.34%	0.98%	36
Average Difference					29

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.

About Zions Direct

TRACE bond trade data displayed as weighted average yield. Corporate bond information from FINRA’s Trade Reporting and Compliance Engine (TRACE) as of January 20, 2012. 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 20, 2012. The aggregate rating for each bond is based on average ratings from Moody’s and S&P (when available).

Zions Direct Announces Municipal Bond Auction Results

Russell Fisher — Tue, 24 Jan 2012 16:06:00 +0000

Auctions of Municipal Bonds for week ending January 20, 2012

SALT LAKE CITY – Zions Direct, the online broker-dealer that allows its customers to purchase municipal bonds in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 16, 2012 to January 20, 2012, investors purchasing municipal bonds in the auctions received average tax-exempt yields 0.76 percentage points, or 76 basis points, higher than similar bonds as reported by the Municipal Securities Rulemaking Board (MSRB).

Municipal Bonds’ Average Yields Trade Data (source: MSRB)

	2011 – 2012	2012	2013	2014	2016	2018	2021
Rating	<9mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr
AAA	0.46%	0.30%	0.45%	0.63%	0.87%	1.25%	1.63%
AA	0.31%	0.44%	0.53%	0.85%	1.08%	1.52%	1.97%
A	0.41%	0.64%	0.87%	1.30%	1.57%	2.22%	2.49%
BBB	0.49%	1.52%	2.21%	1.73%	2.80%	3.30%	4.11%
Insured AAA-AA	0.39%	0.43%	0.61%	0.92%	1.37%	1.84%	2.04%

Municipal Bond Auction Comparison Data (auction data from auctions.zionsdirect.com)

Issuer	Term	Rating	Auction Yield	MSRB	Difference
				Avg Yield	(basis points)
State of Oregon, OR GO	2 Month	AA	0.90%	0.31%	59
Northshore Sch Dist #417, WA GO	10 Month	AA	1.04%	0.44%	60
Fremont RE-1 Sch Dist, CO GO	22 Month	Insured AA	1.58%	0.61%	97
Utah Assc Muni Pwr Sys, UT Rev	6 Year	Insured A	1.93%	1.37%	56
South Dakota Bldg Auth, SD Rev	4 Month	Insured AA	0.89%	0.39%	50
Yavapai Co Comm Col, AZ GO	5 Month	Insured AA	0.95%	0.39%	56
Intermountain Pwr Agy, UT Rev	17 Month	A	1.50%	0.64%	86
St. Lucie Co Sch Dist, FL Rev	3.5 Year	Insured A	2.89%	0.92%	197
Lauren Co Sch Dist #56, SC GO	1 Month	Insured AA	1.00%	0.39%	61
Bonneville & Bingham SD93, ID GO	7 Month	Insured AAA	1.05%	0.39%	66
Steilcoom Hist Sch Dist #1,WA GO	10 Month	Insured AA	1.05%	0.43%	62
No Texas Tollway Auth, TX Rev	23 Month	Insured AA	1.80%	0.61%	119
Saint Paul Port Auth, MN Rev	4 Month	AA	0.95%	0.31%	64
Iowa Board of Reg, IA Rev	9 Month	AA	1.10%	0.44%	66
San Diego Pub Facs Fin, CA Rev	18 Month	Insured A	1.45%	0.61%	84
Los Angeles, CA Rev	4.5 Year	Insured AA	1.75%	1.37%	38
Average Difference					76

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.

About Zions Direct

MSRB bond trade data displayed as weighted average yield. Municipal bond information from MSRB as of January 20, 2012. The Trade Data was developed by BondDesk Group based on information from MSRB’s Real-Time Transaction Reporting System, and excludes transactions in taxable bonds. Auction information from auctions.zionsdirect.com as of January 20, 2012. The aggregate rating for each bond is based on average ratings from Moody’s and S&P (when available).

Zions Direct Announces FDIC-Insured CD Auction Results

Russell Fisher — Thu, 19 Jan 2012 15:00:36 +0000

Results for Auctions of FDIC-insured Certificates of Deposit through January 17, 2012

SALT LAKE CITY – January 19, 2012 – Zions Direct, the online broker-dealer that allows its customers to purchase FDIC – insured Certificates of Deposit in its daily web-based auctions, announces its weekly auction results. In auctions closed from January 11, 2012 to January 17, 2012, investors purchasing FDIC-insured CDs in the auctions received average yields 0.49 percentage points, or 49 basis points, higher than average yields on similar CDs as reported in Informa Research Services Top 50 National APYs, January 17, 2012.

Zions Direct regularly publishes data from CDs auctioned at Zions Direct Auctions compared against similar securities offered in the marketplace in their Market Snapshot. Since February 2007, Zions Direct has auctioned over 1.1 billion dollars in more than 4,000 fixed-income auctions.

ZIONS DIRECT AUCTIONS MARKET SNAPSHOT

FDIC-Insured Certificate of Deposit Data*

1 Mo

2 Mo

3 Mo

6 Mo

9 Mo

1 Yr

Zions Direct Auction CDs

0.79%

0.65%

0.55%

0.74%

0.96%

Informa Top 50 National APYs

0.14%

0.22%

0.32%

Zions Direct / National APY Difference

0.51%

0.33%

0.64%

Total Average Difference (basis points): 49

For more information on Zions Direct and the Market Snapshot go to zionsdirect.com to sign up to receive the free weekly newsletter or visit think.zionsdirect.com to view a Market Snapshot archive.

THE INFORMATION INCLUDED IS NOT INTENDED TO SERVE AS THE BASIS FOR INVESTMENT DECISIONS. PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE RESULTS.

*See Additional Disclaimer for data source information.

About Zions Direct

Zions Direct is a broker-dealer that specializes in offering securities for self-directed and fixed income-focused investors. Zions Direct allows retail investors to buy FDIC-insured certificates of deposit, corporate and municipal bonds, and other investment products through their web-based Bond Store and auction platforms. In addition, clients can invest in stocks, mutual funds, and exchange-traded funds online or through a Zions Direct financial representative.

Investment products and services offered through Zions Direct, member of FINRA/SIPC, a non-bank subsidiary of Zions Bank are NOT insured by the FDIC or any federal or state governmental agency, are NOT deposits or other obligations of, or guaranteed by, Zions Bancorporation or its affiliates, and MAY be subject to investment risks, including the possible loss of principal value or amount invested. FDIC-insured CDs are insured up to $250,000 per individual account holder per bank.

Additional Disclaimer

Zions Direct Auction CD yields are from auctions ending January 11, 2012 to January 17, 2012. A weighted average is calculated when multiple CDs of similar terms are sold through platform. FDIC-insured CDs with terms of 1 month are noted as 1 month; 2 months are noted as 2 months; 3 – 4 months are noted as 3 months; 5 – 7 months as 6 months; 8 – 10 months as 9 months; 11 – 17 months as 1 year; 18 – 29 months as 2 year; 48 – 71 months as 5 years.

Top 50 National APYs – Top 50 U.S. bank and thrift holding companies by deposits. CD Rates Average APYs are based on certificate of deposit accounts for $25,000. Copyright 2012 Informa Research Services, Inc as a part of their Interest Rate Review – Retail. Report dated January 17, 2012.