Market Rates
Current Rates for March 4, 2010
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MFA Spring 2010 Debenture Issue
Estimated Re-lending rates:
Borrowing date: |
Projection for Spring 2010 |
5 year re-lending rate: |
3.30% |
10 year debenture rate:* |
4.50% |
* Bylaws that exceed 10 years in term will receive this estimated re-lending rate for the first 10 years on their request. At the end of year ten, these bylaws will automatically be refinanced at the then current MFA rate in affect. The term of the refinancing will be determined by the term of the associated debenture issued.
At the refinancing date borrowers with bylaws that exceed 10 years have the option to repay all or a portion of their loan balance. Borrowers wishing to exercise an early pay down or pay out must notify the MFA prior to the refinancing date. |
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Indicative Market Rates
If the MFA were to launch a debenture today for any of the terms listed below (5, 10, 15, 20, 25 or 30 yrs) these are the estimated re-lending rates.
These rates are subject to market fluctuations and are indications for budgeting and analytical purposes only.
5 year: |
3.18% |
10 year: |
4.28% |
15 year: |
4.69% |
20 year: |
4.94% |
25 year: |
5.06% |
30 year: |
5.07% |
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Investment Results as of January 31, 2010
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Year to Date % (Non-annualized) |
One Year %* |
%
Since Inception* |
| Money Market Fund: |
| Municipal Finance Authority** |
0.04 |
0.89 |
5.11 |
| DEX 91-Day Treasury Bill Index** |
0.02 |
0.41 |
4.85 |
| Intermediate
Fund: |
| Municipal Finance Authority** |
0.32 |
3.86 |
4.73 |
| DEX 365-Day Treasury Bill Index |
0.22 |
1.14 |
4.41 |
| Bond Fund: |
| Municipal Finance Authority** |
1.17 |
8.50 |
7.49 |
| DEX Short Term Index ** |
1.09 |
5.81 |
7.18 |
* Annual Rate of Return
** After Fees |
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