The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields dropped two basis points this week, to 4.36%. But it remained above its 4.34% level from two weeks ago.
The 11-Bond GO Index of higher-grade 20-year GO yields also fell two basis points this week, to 4.07%, but it remained above its 4.06% level from two weeks ago.
The Revenue Bond Index, which measures 30-year revenue bond yields, declined three basis points this week, to 4.94%, which is the lowest the index has been since Jan .21, 2010 (five weeks ago), when it was 4.91%.
The Bond Buyer's One-Year Note Index declined seven basis points this week, to an all-time low of 0.41%. The previous record low for the index, which began on July 12, 1989, was 0.43% on Jan. 13, 2010 (six weeks ago).
The yield on the U.S. Treasury's 10-year note declined 16 basis points this week, to 3.64%, which is the lowest the yield has been since Feb. 4, 2010 (three weeks ago), when it was 3.60%.
The yield on the Treasury's 30-year bond dropped 15 basis points this week, to 4.59%, which is its lowest level since Feb. 4, 2010 (three weeks ago), when it was 4.53%.
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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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