The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined one basis point this week, to 4.30%, which is the lowest level for the index since Dec. 30, 2009 (three weeks ago), when it was 4.25%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped one basis point this week, to 4.02%. This is the lowest the index has been since Dec. 30, 2009 (three weeks ago), when it was 3.97%.
The Revenue Bond Index, which measures 30-year revenue bond yields, declined two basis points this week, to 4.91%. That is the lowest level for the index since Oct. 22, 2009 (13 weeks ago), when it was 4.87%.
The Bond Buyer's One-Year Note Index declined rose four basis points this week, to 0.47% from last week's all-time low of 0.43%. It is the highest the index has been since Dec. 30, 2009 (three weeks ago), when it was 0.49%.
The yield on the U.S. Treasury's 10-year note declined 14 basis points this week, to 3.60%, which is the lowest it has been since Dec. 17, 2009 (five weeks ago), when it was 3.49%.
The yield on the Treasury's 30-year bond dropped 13 basis points this week, to 4.50%, which is the lowest it has been since Dec. 17, 2009 (five weeks ago), when it was 4.42%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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Oregon State Rep. Paul Evans proposed a grant program that would fill budgetary gaps for small cities at risk of closing what he deems as essential city services.
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Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
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The plan aims to fundamentally change how the state collects tax revenue, aiming to eventually shrink the income tax to nothing.
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