The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined three basis points this week, to 4.36%, but it remained above it’s 4.30% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields dropped two basis points this week, to 4.08%. The index is still above its 4.02% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, fell three basis points this week, to 4.96%, but it remained above its 4.91% level from two weeks ago.
The Bond Buyer's One-Year Note Index declined five basis points this week, to 0.44%. This is the lowest level for the index since Jan. 13, 2010 (three weeks ago), when it reached an all-time low of 0.43%.
The yield on the U.S. Treasury's 10-year note fell six basis points this week, to 3.66%, matching the 3.66% level it registered two weeks ago.
The yield on the Treasury's 30-year bond dropped five basis points this week, to 4.53%, but it remained above its 4.50% level from two weeks ago.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
4h ago -
A stronger-than-expected nonfarm payroll report reignited fears that the Federal Reserve will hike rates. Munis and USTs had a somewhat muted reaction, according to Hennion & Walsh's James Pruskowski.
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"The reason the number [of trade counts] is a record and not just elevated is structural, and it's been building for years," said Josh Rosenblum, head of municipal trading strategies at Brownstone.
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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.
7h ago -
Norman Regional Health System says it will use interim financing to make a Sept. 1 debt service payment that bondholders agreed to delay.
7h ago -
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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