The Bond Buyer's 20-Bond GO Index of 20-year general obligation yields dropped two basis points this week, to 4.43%. This is the lowest the index has been since March 18, 2010 (four weeks ago), when it was 4.32%.
The 11-Bond GO Index of higher-grade 20-year GO yields also declined two basis points this week, to 4.14%. It is now at its lowest level since March 18, 2010 (four weeks ago), when it was 4.05%.
The Revenue Bond Index, which measures 30-year revenue bond yields, was unchanged this week at 4.96%. It remains at its highest level since Feb. 18, 2010 (eight weeks ago), when it was 4.97%.
The Bond Buyer's One-Year Note Index dropped five basis points this week, to 0.48%. But it remained above its 0.43% level from two weeks ago.
The yield on the U.S. Treasury's 10-year note declined five basis points this week, to 3.84%, which is the same level it reached two weeks ago.
The yield on the Treasury's 30-year bond slid three basis points this week, to 4.72% — the same level as two weeks ago.
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The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
May 21 -
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
May 21 -
They are seeking legislation on transportation, water and other topics.
May 21 -
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.
May 21 -
The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.
May 21 -
The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.
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