The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields declined two basis points this week, to 4.34%, which is the lowest level for the index since Jan. 21, 2010 (three weeks ago), when it was 4.30%.
The 11-Bond GO Index of higher-grade 20-year GO yields also dropped two basis points this week, to 4.06%. This is the lowest the index has been since Jan. 21, 2010 (three weeks ago), when it was 4.02%.
The Revenue Bond Index, which measures 30-year revenue bond yields, was unchanged this week at 4.96%.
The Bond Buyer's One-Year Note Index rose one basis point this week, to 0.45%, but remained below its 0.49% level from two weeks ago.
The yield on the U.S. Treasury's 10-year note rose 13 basis points this week, to 3.73%, which is the highest the yield has been since Jan. 14, 2010 (four weeks ago), when it was 3.74%.
The yield on the Treasury's 30-year bond increased 15 basis points this week, to 4.68%, which is its highest level since Jan. 7, 2010 (five weeks ago), when it was 4.69%.
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Fernando Osorio Caño was named interim executive director after Mary Carmen Zapata resigned.
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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.
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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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