1. U.S. Treasuries (T-Bills, T-Notes, T-Bonds and STRIPS) are backed by the full faith and credit of the U.S. government. The Treasuries yields are based on non-callable bonds, and represent yields to maturity. Rate Source: Bloomberg
2. STRIPS are zero coupon bonds which are usually purchased at a discount with full face value being received at maturity. Interest income from STRIPS is subject to annual ordinary income tax, even though no income is received by the investor until maturity. Rate Source: Bloomberg
3. Corporate bonds generally provide higher yields than U.S. Treasuries while incurring higher risk. Credit quality varies widely depending on the specific issuer. The corporate bond yields are based on non-callable bonds, and represent yields to maturity. Rate Source: Bloomberg
4. Municipal bond interest is exempt from federal income taxation, and may be exempt from state and local taxes. Income may be subject to the Alternative Minimum Tax (AMT). Credit quality varies depending on the specific issuer. Rate Source: Bloomberg
5. The Taxable Equivalent Municipal AAA Yield is calculated from the Municipal AAA Yield, and assumes a 35% federal tax rate. This does not reflect the effects of any state or local taxes, which, if applicable, may increase the taxable equivalent yield. For questions about calculating your individual rate, see your tax advisor. The following formula is used: Taxable Equivalent Municipal Yield = (Municipal AAA Yield) ÷ (1.00 - 0.35).
6. Certificates of deposit offer a fixed rate of return and are FDIC-insured. Yields listed represent the annualized percentage yield (APY). Rate Source: Banxquote.