The 20-Bond GO Index of 20-year general obligation yields increased 20 basis points this week, to 3.64%. This put the index at its highest level since Nov. 1, 2012 (seven weeks ago), when it was 3.67%.
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY